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.
Small Business Innovative Research (SBIR) Contract
A type of contract designed to...
Mentor
A business, usually large, or...
Collateral
Assets pledged by a borrower to secure a loan...
Balance Sheet or Statement of Financial Position
Assets = Liabilities + Equity...
Defense Acquisition Regulatory Council (DARC)
A group composed of rep...
Business Activity
The business (or loss) activity of...
Federal Acquisition Regulation (FAR)
The body of regulations which is...
Subsidiary
A company for which a majority of the...
Operating Leases
are deducted on the company’s...
Injury Period
The time period during...
Depreciation
A non-cash operating expense that...
Assets
The amount of current assets that is left...
Economic Injury Disaster Loan (EIDL)
a working capital loan that...
Available Asset Test
Part of the CET that determines if an applicant(s) has...
DBA
ex. Blocker & Sons LLC, doing business as Bob's Burgers

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