Glossary
SBA Terms

Corporation (C-corp.)

The most common form of business organization, and one, which is chartered by a state and given many legal rights as an entity separate from its owners. Characterized by the limited liability of its owners, the issuance of shares of easily transferable stock, and existence as a going concern.

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.
Income Statement
Shows the entity’s income and...
P&L (Profit and Loss Statement)
also considered as Income Statement or...
Accrual Basis Accounting
recognizes revenues when earned and expenses are...
Depreciation
A non-cash operating expense that...
Current Assets
A balance sheet item which equals...
Standard Industrial Classification (SIC) Code
A code representing a category within...
Contracting
Purchasing, renting, leasing, or...
Affiliate
Business concerns are affiliates if one concern...
Corporation (C-corp.)
The most common form of business org...
Liabilities
A financial obligation...
Lien
A legal claim against an...
Prime Contract
A contract awarded directly...
Negotiation
Contracting through the use of...
Loan Authorization and Agreement (LA&A)
A contract between SBA and the borrower that...
Days Receivable
A measure of the average time a...

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