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
The 7(a) Loan Program, SBA’s most common loan program, includes assistance for each business with unique needs.
SBA 504 loans are very popular for long-term, fixed rate financing of up to $5 million for major fixed assets.
The average Microloan is about $13,000. The Microloans program provides loans up to $50,000 to small businesses.
SBA Glossary

Common SBA Terms

Everything you need to know about common terms used to discuss SBA Loans.
Applicant Individual
aka who is requesting an SBA loan...
Affiliates
Business concerns, organizations, or...
Applicant/Co-Applicant
Business entity and person requesting...
Days Payable
A measure of the average time a...
Small Business Innovative Research (SBIR) Contract
A type of contract designed to...
Corporation (C-corp.)
The most common form of business org...
Hardship Waiver
Method used to approve a...
Capital Leases
are for the purchase of fixed assets such as...
Assets
The amount of current assets that is left...
Income Statement
Shows the entity’s income and...
Cash Available to Service Additional Debt (CASAD)
The cash flow determined that...
Emerging Small Business
A small business concern whose...
DBA
ex. Blocker & Sons LLC, doing business as Bob's Burgers
Certificate of Competency
A certificate issued by the Small Bus...
S-Corporation
A form of corporation, allowed by...

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