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.
Balance Sheet or Statement of Financial Position
Assets = Liabilities + Equity...
Collateral
Assets pledged by a borrower to secure a loan...
Defense Contractor
Any person who enters into...
Break-even Analysis
A calculation of the approximate sales...
Certificate of Competency
A certificate issued by the Small Bus...
SCORE
Counselors to America's Small Bus...
Credit Elsewhere Test (CET)
The test to determine the...
Affiliated Group
When two or more...
Injury Period
The time period during...
Extraordinary Items
Additional expenses that are...
Hardship Waiver
Method used to approve a...
Amortization
A non-cash operating expense that...
Cash Available to Service Additional Debt (CASAD)
The cash flow determined that...
Federal Acquisition Regulation (FAR)
The body of regulations which is...
Electronic Data Interchange
Transmission of information bet...

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