Glossary
SBA Terms

Collateral

Assets pledged by a borrower to secure a loan or other credit, and subject to seizure in the event of default. The preferred collateral for an SBA disaster loan is real estate

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.
Federal Acquisition Regulation (FAR)
The body of regulations which is...
Corporation (C-corp.)
The most common form of business org...
Assets
The amount of current assets that is left...
Full and Open Competition
With respect to a contract action...
Applicant/Co-Applicant
Business entity and person requesting...
Small Business Development Centers (SBDC)
SBDCs offer a broad spec...
Subcontract
A contract between a prime cont...
Cash Available to Service Additional Debt (CASAD)
The cash flow determined that...
Normal Annual Sales
Those sales that would have...
Projection
An estimate of future economic or...
Equity
An accounting term used to...
Available Asset Test
Part of the CET that determines if an applicant(s) has...
Mentor
A business, usually large, or...
Contract
A mutually binding legal rel..
Substantial Damage
This means uninsured or otherwise uncompensated...

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