Glossary
SBA Terms

B/E (Business EIDL) Loan

A business loan that incorporates physical losses and economic injury for the same legal entity or individual.

Updated on
September 9, 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.
Explore 7a loans

SBA 504 Loans

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

SBA Microloans

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

Common SBA Terms

Everything you need to know about common terms used to discuss SBA Loans.
Contracting
Purchasing, renting, leasing, or...
Hardship Waiver
Method used to approve a...
Equity
An accounting term used to...
Small Business Innovative Research (SBIR) Contract
A type of contract designed to...
Days Payable
A measure of the average time a...
NAICS
NAICS codes are common...
Companion File
When an applicant has another application filed...
Credit Elsewhere Test (CET)
The test to determine the...
Physical Loans
Funds to repair/replace dis...
Negotiation
Contracting through the use of...
Mentor
A business, usually large, or...
Defense Contractor
Any person who enters into...
Break-even Analysis
A calculation of the approximate sales...
Partnership
A type of unincorporated business org...
Phase 2
Process to be used to determine economic injury for...

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