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.
Certificate of Competency
A certificate issued by the Small Bus...
Injury Period
The time period during...
Trend Analysis
A comparative analysis of...
Capital Leases
are for the purchase of fixed assets such as...
Normal Annual Sales
Those sales that would have...
Loan Authorization and Agreement (LA&A)
A contract between SBA and the borrower that...
Standard Industrial Classification (SIC) Code
A code representing a category within...
Certified 8(a) Firm
A firm owned and operated by socially and...
Emerging Small Business
A small business concern whose...
Full and Open Competition
With respect to a contract action...
Cash Flow Test
Part of the CET that determines if...
Amortization
A non-cash operating expense that...
Small Disadvantaged Business Concern
A small business concern that...
Small Business Development Centers (SBDC)
SBDCs offer a broad spec...
Collateral
Assets pledged by a borrower to secure a loan...

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