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.
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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.
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.
Normal Annual Sales
Those sales that would have...
Mentor
A business, usually large, or...
Depreciation
A non-cash operating expense that...
Physical Loans
Funds to repair/replace dis...
Certified 8(a) Firm
A firm owned and operated by socially and...
Normal Gross Margin
The margin that would have been...
Comparative Analysis
Is designed to point out significant trends that...
Small Disadvantaged Business Concern
A small business concern that...
Corporation (C-corp.)
The most common form of business org...
Affiliated Group
When two or more...
Business Activity
The business (or loss) activity of...
Affiliates
Business concerns, organizations, or...
Principal
the owner(s) of the Applicant Entity that...
Assets
The amount of current assets that is left...
Certificate of Competency
A certificate issued by the Small Bus...

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