SBA Terms

Cash Flow Test

Part of the CET that determines if an applicant(s) has sufficient cash flow to borrow private sector funds to repair/replace uncompensated disaster damages without incurring undue hardship.

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.

Coastal Barrier Resource Area (COBRA)

A flood prone area in which...

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Collateral

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

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P&L (Profit and Loss Statement)

also considered as Income Statement or...

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Certified 8(a) Firm

A firm owned and operated by socially and...

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Companion File

When an applicant has another application filed...

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Certificate of Competency

A certificate issued by the Small Bus...

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Applicant Entity

The business entity requesting...

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Federal Acquisition Regulation (FAR)

The body of regulations which is...

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Accrual Basis Accounting

recognizes revenues when earned and expenses are...

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Amortization

A non-cash operating expense that...

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Available Asset Test

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

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Guarantor

The legal entity and...

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Full and Open Competition

With respect to a contract action...

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Credit Score Test

Part of the home loan CET show a...

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Cash Flow Test

Part of the CET that determines if...

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Cash Flow Test

SBA 7a Loans

SBA 504 Loans

SBA Microloans

Common SBA Terms

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SBA Loan Types

SBA 7a Loan Types

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