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.
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.
Affiliated Group
When two or more...
SCORE
Counselors to America's Small Bus...
Break-even Analysis
A calculation of the approximate sales...
Income Statement
Shows the entity’s income and...
Collateral
Assets pledged by a borrower to secure a loan...
Contractor Team Arrangement
An arrangement in which...
Days Payable
A measure of the average time a...
Small Disadvantaged Business Concern
A small business concern that...
Physical Loans
Funds to repair/replace dis...
Credit Score Test
Part of the home loan CET show a...
Comparative Analysis
Is designed to point out significant trends that...
Working Capital (WC)
The amount of current assets that...
Normal Gross Margin
The margin that would have been...
Loan Authorization and Agreement (LA&A)
A contract between SBA and the borrower that...
Liabilities
A financial obligation...

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