Glossary
SBA Terms

Balance Sheet or Statement of Financial Position

Reports an entity’s Assets, Liabilities and Equity (net worth) at a specific time. Assets = Liabilities + Equity.

Updated on
September 8, 2022
Published on
June 20, 2018
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SBA 7a Loans

The 7(a) Loan Program, SBA’s most common loan program, includes assistance for each business with unique needs.
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SBA 504 Loans

SBA 504 loans are very popular for long-term, fixed rate financing of up to $5 million for major fixed assets.
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SBA Microloans

The average Microloan is about $13,000. The Microloans program provides loans up to $50,000 to small businesses.
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SBA Glossary

Common SBA Terms

Everything you need to know about common terms used to discuss SBA Loans.
Certificate of Competency
A certificate issued by the Small Bus...
Equity
An accounting term used to...
Defense Acquisition Regulatory Council (DARC)
A group composed of rep...
Assets
The amount of current assets that is left...
Economic Injury Disaster Loan (EIDL)
a working capital loan that...
Extraordinary Items
Additional expenses that are...
Subcontract
A contract between a prime cont...
Principal
the owner(s) of the Applicant Entity that...
Working Capital (WC)
The amount of current assets that...
Substantial Damage
This means uninsured or otherwise uncompensated...
Small Business
A business smaller than...
Break-even Analysis
A calculation of the approximate sales...
Small Disadvantaged Business Concern
A small business concern that...
Business Activity
The business (or loss) activity of...
Federal Acquisition Regulation (FAR)
The body of regulations which is...

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