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.
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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.
Schedule of Liabilities
A business debt schedule that lists all of the debts...
Negotiation
Contracting through the use of...
Injury Analysis
Measures the effects of...
Contract
A mutually binding legal rel..
Assets
The amount of current assets that is left...
Joint Venture
In the SBA Mentor-Protégé Program...
Capital Leases
are for the purchase of fixed assets such as...
Coastal Barrier Resource Area (COBRA)
A flood prone area in which...
Affiliates
Business concerns, organizations, or...
Affiliate
Business concerns are affiliates if one concern...
S-Corporation
A form of corporation, allowed by...
Lien
A legal claim against an...
NAICS
NAICS codes are common...
SCORE
Counselors to America's Small Bus...
Economic Injury Disaster Loan (EIDL)
a working capital loan that...

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