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.
Limited Liability Entities (company/partnership)
An LLE provides business owners with...
Economic Injury Disaster Loan (EIDL)
a working capital loan that...
Schedule of Liabilities
A business debt schedule that lists all of the debts...
Equity
An accounting term used to...
Cash Flow Test
Part of the CET that determines if...
Subcontract
A contract between a prime cont...
Working Capital (WC)
The amount of current assets that...
Companion File
When an applicant has another application filed...
Standard Industrial Classification (SIC) Code
A code representing a category within...
Affiliated Group
When two or more...
Balance Sheet or Statement of Financial Position
Assets = Liabilities + Equity...
Days Receivable
A measure of the average time a...
Current Liabilities
A balance sheet item, which...
Certified 8(a) Firm
A firm owned and operated by socially and...
Injury Analysis
Measures the effects of...

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