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.
Fair and Reasonable Price
A price that is fair to both parties...
Cash Available to Service Additional Debt (CASAD)
The cash flow determined that...
P&L (Profit and Loss Statement)
also considered as Income Statement or...
SAE (Stand Alone Economic Injury Disaster Loan)
provide necessary working capital to...
Partnering
A mutually beneficial business-to-bus...
Economic Injury Disaster Loan (EIDL)
a working capital loan that...
Applicant Entity
The business entity requesting...
Accrual Basis Accounting
recognizes revenues when earned and expenses are...
Request for Proposal (RFP)
A document outlining a...
Cash-basis Accounting
records revenue when cash is...
Applicant/Co-Applicant
Business entity and person requesting...
Substantial Damage
This means uninsured or otherwise uncompensated...
Break-even Analysis
A calculation of the approximate sales...
S-Corporation
A form of corporation, allowed by...
Lien
A legal claim against an...

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