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.
Prime Contract
A contract awarded directly...
Principal
the owner(s) of the Applicant Entity that...
Phase 1
Process used to determine the...
Affiliate
Business concerns are affiliates if one concern...
Joint Venture
In the SBA Mentor-Protégé Program...
Equity
An accounting term used to...
Current Assets
A balance sheet item which equals...
Substantial Damage
This means uninsured or otherwise uncompensated...
Best and Final Offer
For negotiated procurements...
Affiliates
Business concerns, organizations, or...
Amortization
A non-cash operating expense that...
Operating Leases
are deducted on the company’s...
Electronic Data Interchange
Transmission of information bet...
Days Payable
A measure of the average time a...
Limited Partnership
A business organization with one or...

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