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.
P&L (Profit and Loss Statement)
also considered as Income Statement or...
Prime Contract
A contract awarded directly...
Defense Contractor
Any person who enters into...
Substantial Damage
This means uninsured or otherwise uncompensated...
SCORE
Counselors to America's Small Bus...
Affiliate
Business concerns are affiliates if one concern...
Limited Liability Entities (company/partnership)
An LLE provides business owners with...
Balance Sheet or Statement of Financial Position
Assets = Liabilities + Equity...
Injury Analysis
Measures the effects of...
Subsidiary
A company for which a majority of the...
Days Receivable
A measure of the average time a...
Small Disadvantaged Business Concern
A small business concern that...
Collateral
Assets pledged by a borrower to secure a loan...
Extraordinary Items
Additional expenses that are...
Joint Venture
In the SBA Mentor-Protégé Program...

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