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.
Partnership
A type of unincorporated business org...
Extraordinary Items
Additional expenses that are...
Cash Available to Service Additional Debt (CASAD)
The cash flow determined that...
Current Assets
A balance sheet item which equals...
Small Business Development Centers (SBDC)
SBDCs offer a broad spec...
NAICS
NAICS codes are common...
Contracting Officer
A person with the authority to...
Injury Period
The time period during...
Working Capital (WC)
The amount of current assets that...
Certificate of Competency
A certificate issued by the Small Bus...
Current Liabilities
A balance sheet item, which...
Income Statement
Shows the entity’s income and...
Joint Venture
In the SBA Mentor-Protégé Program...
Principal
the owner(s) of the Applicant Entity that...
Amortization
A non-cash operating expense that...

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