Glossary
SBA Terms

Credit Score Test

Part of the home loan CET show a credit score of 700 or higher may enable applicants to borrow money at reasonable rates and terms. As such, an application may qualify for the higher disaster loan interest rate if the primary wage earner’s credit score is equal to or greater than 700.

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.
Phase 1
Process used to determine the...
Full and Open Competition
With respect to a contract action...
Defense Contractor
Any person who enters into...
SAE (Stand Alone Economic Injury Disaster Loan)
provide necessary working capital to...
Adjusted Net Worth
Post disaster fair market value of tangible...
Best and Final Offer
For negotiated procurements...
Liabilities
A financial obligation...
Lien
A legal claim against an...
Loan Authorization and Agreement (LA&A)
A contract between SBA and the borrower that...
Subcontract
A contract between a prime cont...
Electronic Data Interchange
Transmission of information bet...
Contract
A mutually binding legal rel..
Depreciation
A non-cash operating expense that...
Small Business Innovative Research (SBIR) Contract
A type of contract designed to...
Cash-basis Accounting
records revenue when cash is...

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