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.
Lien
A legal claim against an...
Prime Contract
A contract awarded directly...
P&L (Profit and Loss Statement)
also considered as Income Statement or...
Emerging Small Business
A small business concern whose...
Phase 2
Process to be used to determine economic injury for...
Corporation (C-corp.)
The most common form of business org...
Request for Proposal (RFP)
A document outlining a...
Accrual Basis Accounting
recognizes revenues when earned and expenses are...
Current Assets
A balance sheet item which equals...
Coastal Barrier Resource Area (COBRA)
A flood prone area in which...
Affiliated Group
When two or more...
Injury Period
The time period during...
Acquisition
The acquiring of supplies or...
Mentor
A business, usually large, or...
Full and Open Competition
With respect to a contract action...

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