Glossary
SBA Terms

Comparative Analysis

Is designed to point out significant trends that occur from year to year by using more than one set of financial statements of comparable dates and time periods. A comparative analysis allows you to arrive at a more complete evaluation of the applicant’s financial position.

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.
Balance Sheet or Statement of Financial Position
Assets = Liabilities + Equity...
Contracting
Purchasing, renting, leasing, or...
Primary Activity
The major business activity of...
Applicant Individual
aka who is requesting an SBA loan...
Days Payable
A measure of the average time a...
Depreciation
A non-cash operating expense that...
Credit Elsewhere Test (CET)
The test to determine the...
SCORE
Counselors to America's Small Bus...
Subcontract
A contract between a prime cont...
Sole Proprietor
an individual who...
Assets
The amount of current assets that is left...
Hardship Waiver
Method used to approve a...
Equity
An accounting term used to...
Schedule of Liabilities
A business debt schedule that lists all of the debts...
Amortization
A non-cash operating expense that...

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