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.
Defense Contractor
Any person who enters into...
Coastal Barrier Resource Area (COBRA)
A flood prone area in which...
Fair and Reasonable Price
A price that is fair to both parties...
Limited Partnership
A business organization with one or...
Small Business Innovative Research (SBIR) Contract
A type of contract designed to...
Collateral
Assets pledged by a borrower to secure a loan...
Phase 1
Process used to determine the...
Certified 8(a) Firm
A firm owned and operated by socially and...
Hardship Waiver
Method used to approve a...
Duplicated Interest
The amount of interest exp...
Equity
An accounting term used to...
Corporation (C-corp.)
The most common form of business org...
Injury Period
The time period during...
Limited Liability Entities (company/partnership)
An LLE provides business owners with...
Partnership
A type of unincorporated business org...

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