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.
P&L (Profit and Loss Statement)
also considered as Income Statement or...
Balance Sheet or Statement of Financial Position
Assets = Liabilities + Equity...
Injury Analysis
Measures the effects of...
SAE (Stand Alone Economic Injury Disaster Loan)
provide necessary working capital to...
Small Business Development Centers (SBDC)
SBDCs offer a broad spec...
Small Disadvantaged Business Concern
A small business concern that...
Subsidiary
A company for which a majority of the...
Days Payable
A measure of the average time a...
Corporation (C-corp.)
The most common form of business org...
Full and Open Competition
With respect to a contract action...
Physical Loans
Funds to repair/replace dis...
Joint Venture
In the SBA Mentor-Protégé Program...
Intermediary Organization
Organizations that play a funda...
Schedule of Liabilities
A business debt schedule that lists all of the debts...
B/E (Business EIDL) Loan
A business loan that...

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