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.
Mentor
A business, usually large, or...
Joint Venture
In the SBA Mentor-Protégé Program...
Capital Leases
are for the purchase of fixed assets such as...
Credit Score Test
Part of the home loan CET show a...
Applicant Individual
aka who is requesting an SBA loan...
Defense Contractor
Any person who enters into...
Prime Contract
A contract awarded directly...
Days Payable
A measure of the average time a...
Protégé
A firm in a developmental stage that...
Available Asset Test
Part of the CET that determines if an applicant(s) has...
Trend Analysis
A comparative analysis of...
Sole Proprietor
an individual who...
Physical Loans
Funds to repair/replace dis...
Equity
An accounting term used to...
Small Business Innovative Research (SBIR) Contract
A type of contract designed to...

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