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.
Affiliate
Business concerns are affiliates if one concern...
Adjusted Net Worth
Post disaster fair market value of tangible...
Electronic Data Interchange
Transmission of information bet...
Certified 8(a) Firm
A firm owned and operated by socially and...
Coastal Barrier Resource Area (COBRA)
A flood prone area in which...
Limited Partnership
A business organization with one or...
Standard Industrial Classification (SIC) Code
A code representing a category within...
Prime Contract
A contract awarded directly...
Primary Activity
The major business activity of...
Depreciation
A non-cash operating expense that...
Amortization
A non-cash operating expense that...
Intermediary Organization
Organizations that play a funda...
Subsidiary
A company for which a majority of the...
Best and Final Offer
For negotiated procurements...
Guarantor
The legal entity and...

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