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.
Limited Partnership
A business organization with one or...
Phase 2
Process to be used to determine economic injury for...
Negotiation
Contracting through the use of...
Certified 8(a) Firm
A firm owned and operated by socially and...
Collateral
Assets pledged by a borrower to secure a loan...
Subsidiary
A company for which a majority of the...
Standard Industrial Classification (SIC) Code
A code representing a category within...
Full and Open Competition
With respect to a contract action...
Accrual Basis Accounting
recognizes revenues when earned and expenses are...
Adjusted Net Worth
Post disaster fair market value of tangible...
Current Liabilities
A balance sheet item, which...
Federal Acquisition Regulation (FAR)
The body of regulations which is...
Available Asset Test
Part of the CET that determines if an applicant(s) has...
Limited Liability Entities (company/partnership)
An LLE provides business owners with...
Companion File
When an applicant has another application filed...

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