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.
Duplicated Interest
The amount of interest exp...
Trend Analysis
A comparative analysis of...
Partnership
A type of unincorporated business org...
Lien
A legal claim against an...
Available Asset Test
Part of the CET that determines if an applicant(s) has...
Phase 2
Process to be used to determine economic injury for...
Capital Leases
are for the purchase of fixed assets such as...
Principal
the owner(s) of the Applicant Entity that...
Standard Industrial Classification (SIC) Code
A code representing a category within...
Limited Partnership
A business organization with one or...
Hardship Waiver
Method used to approve a...
Companion File
When an applicant has another application filed...
Loan Authorization and Agreement (LA&A)
A contract between SBA and the borrower that...
Accrual Basis Accounting
recognizes revenues when earned and expenses are...
Days Payable
A measure of the average time a...

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