Glossary
SBA Terms

DBA

Doing Business As - generally a trade name such as “Bob’s Burgers” is used, instead of the legal name of Blocker & Sons LLC.

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.
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SBA Microloans

The average Microloan is about $13,000. The Microloans program provides loans up to $50,000 to small businesses.
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SBA Glossary

Common SBA Terms

Everything you need to know about common terms used to discuss SBA Loans.
Small Business
A business smaller than...
Liabilities
A financial obligation...
S-Corporation
A form of corporation, allowed by...
Equity
An accounting term used to...
Applicant Individual
aka who is requesting an SBA loan...
Current Liabilities
A balance sheet item, which...
Depreciation
A non-cash operating expense that...
Standard Industrial Classification (SIC) Code
A code representing a category within...
Cash-basis Accounting
records revenue when cash is...
SAE (Stand Alone Economic Injury Disaster Loan)
provide necessary working capital to...
Collateral
Assets pledged by a borrower to secure a loan...
Certificate of Competency
A certificate issued by the Small Bus...
Credit Elsewhere Test (CET)
The test to determine the...
Loan Authorization and Agreement (LA&A)
A contract between SBA and the borrower that...
Contracting Officer
A person with the authority to...

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