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.
Intermediary Organization
Organizations that play a funda...
Companion File
When an applicant has another application filed...
Operating Leases
are deducted on the company’s...
Economic Injury Disaster Loan (EIDL)
a working capital loan that...
Substantial Damage
This means uninsured or otherwise uncompensated...
Trend Analysis
A comparative analysis of...
Break-even Analysis
A calculation of the approximate sales...
Partnership
A type of unincorporated business org...
Assets
The amount of current assets that is left...
Emerging Small Business
A small business concern whose...
DBA
ex. Blocker & Sons LLC, doing business as Bob's Burgers
Capital Leases
are for the purchase of fixed assets such as...
Electronic Data Interchange
Transmission of information bet...
Equity
An accounting term used to...
Loan Authorization and Agreement (LA&A)
A contract between SBA and the borrower that...

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