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.
Companion File
When an applicant has another application filed...
Contracting Officer
A person with the authority to...
DBA
ex. Blocker & Sons LLC, doing business as Bob's Burgers
Primary Activity
The major business activity of...
Coastal Barrier Resource Area (COBRA)
A flood prone area in which...
Negotiation
Contracting through the use of...
Collateral
Assets pledged by a borrower to secure a loan...
Small Business
A business smaller than...
Equity
An accounting term used to...
Limited Partnership
A business organization with one or...
Projection
An estimate of future economic or...
Current Assets
A balance sheet item which equals...
Trend Analysis
A comparative analysis of...
Injury Analysis
Measures the effects of...
Affiliate
Business concerns are affiliates if one concern...

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