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.
Operating Leases
are deducted on the company’s...
NAICS
NAICS codes are common...
Current Assets
A balance sheet item which equals...
Protégé
A firm in a developmental stage that...
Applicant Individual
aka who is requesting an SBA loan...
Guarantor
The legal entity and...
Lien
A legal claim against an...
Defense Acquisition Regulatory Council (DARC)
A group composed of rep...
Accrual Basis Accounting
recognizes revenues when earned and expenses are...
Contracting
Purchasing, renting, leasing, or...
Break-even Analysis
A calculation of the approximate sales...
Credit Elsewhere Test (CET)
The test to determine the...
Prime Contract
A contract awarded directly...
Contractor Team Arrangement
An arrangement in which...
Capital Leases
are for the purchase of fixed assets such as...

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