SBA Terms

Cash Available to Service Additional Debt (CASAD)

The cash flow determined that should be available to service a disaster loan. The target payment is generally 1/3 of CASAD.

Updated on

September 9, 2022

Published on

June 20, 2018

Apply Here

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.

Prime Contract

A contract awarded directly...

Go to full definition ->

Principal

the owner(s) of the Applicant Entity that...

Go to full definition ->

Partnering

A mutually beneficial business-to-bus...

Go to full definition ->

Sole Proprietor

an individual who...

Go to full definition ->

Contracting Officer

A person with the authority to...

Go to full definition ->

Mentor

A business, usually large, or...

Go to full definition ->

Projection

An estimate of future economic or...

Go to full definition ->

Loan Authorization and Agreement (LA&A)

A contract between SBA and the borrower that...

Go to full definition ->

Emerging Small Business

A small business concern whose...

Go to full definition ->

Limited Partnership

A business organization with one or...

Go to full definition ->

Available Asset Test

Part of the CET that determines if an applicant(s) has...

Go to full definition ->

Credit Elsewhere Test (CET)

The test to determine the...

Go to full definition ->

Affiliated Group

When two or more...

Go to full definition ->

Cash Available to Service Additional Debt (CASAD)

The cash flow determined that...

Go to full definition ->

Normal Gross Margin

The margin that would have been...

Go to full definition ->

Get the quick rundown on SBA Loans

Join over 4,000+ small business owners already growing with us.

How it Works

Cash Available to Service Additional Debt (CASAD)

SBA 7a Loans

SBA 504 Loans

SBA Microloans

Common SBA Terms

Get the quick rundown on SBA Loans

SBA Loan Types

SBA 7a Loan Types

SBA Loan Purposes

SBA EDU

Get Started