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.
Business Activity
The business (or loss) activity of...
Guarantor
The legal entity and...
Available Asset Test
Part of the CET that determines if an applicant(s) has...
Mentor
A business, usually large, or...
Standard Industrial Classification (SIC) Code
A code representing a category within...
Partnership
A type of unincorporated business org...
Certified 8(a) Firm
A firm owned and operated by socially and...
Applicant/Co-Applicant
Business entity and person requesting...
Federal Acquisition Regulation (FAR)
The body of regulations which is...
Assets
The amount of current assets that is left...
Collateral
Assets pledged by a borrower to secure a loan...
Affiliates
Business concerns, organizations, or...
Break-even Analysis
A calculation of the approximate sales...
Schedule of Liabilities
A business debt schedule that lists all of the debts...
Small Business Innovative Research (SBIR) Contract
A type of contract designed to...

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