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.
Available Asset Test
Part of the CET that determines if an applicant(s) has...
Subcontract
A contract between a prime cont...
Equity
An accounting term used to...
Phase 1
Process used to determine the...
Cash Available to Service Additional Debt (CASAD)
The cash flow determined that...
Current Liabilities
A balance sheet item, which...
Economic Injury Disaster Loan (EIDL)
a working capital loan that...
Collateral
Assets pledged by a borrower to secure a loan...
P&L (Profit and Loss Statement)
also considered as Income Statement or...
Certified 8(a) Firm
A firm owned and operated by socially and...
Credit Score Test
Part of the home loan CET show a...
Coastal Barrier Resource Area (COBRA)
A flood prone area in which...
Days Receivable
A measure of the average time a...
Subsidiary
A company for which a majority of the...
Break-even Analysis
A calculation of the approximate sales...

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