Coastal Barrier Resource Area (COBRA)

A flood prone area in which the government prohibits financial disaster assistance.

Updated on
September 9, 2022
Published on
June 20, 2018
The 7(a) Loan Program, SBA’s most common loan program, includes assistance for each business with unique needs.
SBA 504 loans are very popular for long-term, fixed rate financing of up to $5 million for major fixed assets.
The average Microloan is about $13,000. The Microloans program provides loans up to $50,000 to small businesses.
SBA Glossary

Common SBA Terms

Everything you need to know about common terms used to discuss SBA Loans.
Extraordinary Items
Additional expenses that are...
Limited Liability Entities (company/partnership)
An LLE provides business owners with...
P&L (Profit and Loss Statement)
also considered as Income Statement or...
Physical Loans
Funds to repair/replace dis...
Emerging Small Business
A small business concern whose...
Guarantor
The legal entity and...
Primary Activity
The major business activity of...
Partnership
A type of unincorporated business org...
Accrual Basis Accounting
recognizes revenues when earned and expenses are...
Assets
The amount of current assets that is left...
Break-even Analysis
A calculation of the approximate sales...
Subcontract
A contract between a prime cont...
GPM%
The measure of every sales dollar left...
Defense Acquisition Regulatory Council (DARC)
A group composed of rep...
Cash-basis Accounting
records revenue when cash is...

Get the quick rundown on SBA Loans

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