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...
Normal Gross Margin
The margin that would have been...
Contract
A mutually binding legal rel..
Physical Loans
Funds to repair/replace dis...
Full and Open Competition
With respect to a contract action...
Normal Annual Sales
Those sales that would have...
Certified 8(a) Firm
A firm owned and operated by socially and...
Applicant Entity
The business entity requesting...
Lien
A legal claim against an...
Operating Leases
are deducted on the company’s...
Schedule of Liabilities
A business debt schedule that lists all of the debts...
DBA
ex. Blocker & Sons LLC, doing business as Bob's Burgers
Defense Contractor
Any person who enters into...
Intermediary Organization
Organizations that play a funda...
Loan Authorization and Agreement (LA&A)
A contract between SBA and the borrower that...

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