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

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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.

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SBA 504 Loans

SBA 504 loans are very popular for long-term, fixed rate financing of up to $5 million for major fixed assets.

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SBA Microloans

The average Microloan is about $13,000. The Microloans program provides loans up to $50,000 to small businesses.

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SBA Glossary

Common SBA Terms

Everything you need to know about common terms used to discuss SBA Loans.

Affiliated Group

When two or more...

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P&L (Profit and Loss Statement)

also considered as Income Statement or...

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Best and Final Offer

For negotiated procurements...

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Working Capital (WC)

The amount of current assets that...

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Standard Industrial Classification (SIC) Code

A code representing a category within...

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NAICS

NAICS codes are common...

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Collateral

Assets pledged by a borrower to secure a loan...

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Injury Period

The time period during...

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Companion File

When an applicant has another application filed...

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Mentor

A business, usually large, or...

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Balance Sheet or Statement of Financial Position

Assets = Liabilities + Equity...

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Applicant Entity

The business entity requesting...

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Credit Elsewhere Test (CET)

The test to determine the...

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Loan Authorization and Agreement (LA&A)

A contract between SBA and the borrower that...

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B/E (Business EIDL) Loan

A business loan that...

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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

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