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.
Standard Industrial Classification (SIC) Code
A code representing a category within...
Cash-basis Accounting
records revenue when cash is...
Contractor Team Arrangement
An arrangement in which...
Equity
An accounting term used to...
Principal
the owner(s) of the Applicant Entity that...
Applicant Entity
The business entity requesting...
Subsidiary
A company for which a majority of the...
Small Business Development Centers (SBDC)
SBDCs offer a broad spec...
Extraordinary Items
Additional expenses that are...
Contracting
Purchasing, renting, leasing, or...
Defense Acquisition Regulatory Council (DARC)
A group composed of rep...
Prime Contract
A contract awarded directly...
Schedule of Liabilities
A business debt schedule that lists all of the debts...
GPM%
The measure of every sales dollar left...
Liabilities
A financial obligation...

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