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.
Defense Acquisition Regulatory Council (DARC)
A group composed of rep...
Normal Gross Margin
The margin that would have been...
Contracting Officer
A person with the authority to...
Primary Activity
The major business activity of...
SAE (Stand Alone Economic Injury Disaster Loan)
provide necessary working capital to...
Duplicated Interest
The amount of interest exp...
Limited Liability Entities (company/partnership)
An LLE provides business owners with...
Contractor Team Arrangement
An arrangement in which...
Small Business Development Centers (SBDC)
SBDCs offer a broad spec...
Cash Available to Service Additional Debt (CASAD)
The cash flow determined that...
Hardship Waiver
Method used to approve a...
Affiliate
Business concerns are affiliates if one concern...
Capital Leases
are for the purchase of fixed assets such as...
Defense Contractor
Any person who enters into...
Normal Annual Sales
Those sales that would have...

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