Glossary
SBA Terms

Contract

A mutually binding legal relationship obligating the seller to furnish supplies or services (including construction) and the buyer to pay for them.

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.
Explore 7a loans

SBA 504 Loans

SBA 504 loans are very popular for long-term, fixed rate financing of up to $5 million for major fixed assets.
Explore 504 loans

SBA Microloans

The average Microloan is about $13,000. The Microloans program provides loans up to $50,000 to small businesses.
Explore microloans
SBA Glossary

Common SBA Terms

Everything you need to know about common terms used to discuss SBA Loans.
Sole Proprietor
an individual who...
SAE (Stand Alone Economic Injury Disaster Loan)
provide necessary working capital to...
Current Liabilities
A balance sheet item, which...
Economic Injury Disaster Loan (EIDL)
a working capital loan that...
Assets
The amount of current assets that is left...
Joint Venture
In the SBA Mentor-Protégé Program...
Extraordinary Items
Additional expenses that are...
Protégé
A firm in a developmental stage that...
Small Business
A business smaller than...
Cash-basis Accounting
records revenue when cash is...
Small Disadvantaged Business Concern
A small business concern that...
Hardship Waiver
Method used to approve a...
Collateral
Assets pledged by a borrower to secure a loan...
Certificate of Competency
A certificate issued by the Small Bus...
Cash Available to Service Additional Debt (CASAD)
The cash flow determined that...

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