Glossary
SBA Terms

Economic Injury Disaster Loan (EIDL)

a working capital loan that provides necessary operating funds to enable eligible businesses to overcome the financial impact of a declared disaster. This loan may not be used to purchase long-term assets.

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.
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SBA Glossary

Common SBA Terms

Everything you need to know about common terms used to discuss SBA Loans.
GPM%
The measure of every sales dollar left...
Emerging Small Business
A small business concern whose...
Defense Acquisition Regulatory Council (DARC)
A group composed of rep...
Extraordinary Items
Additional expenses that are...
Available Asset Test
Part of the CET that determines if an applicant(s) has...
Applicant Individual
aka who is requesting an SBA loan...
Cash Flow Test
Part of the CET that determines if...
Capital Leases
are for the purchase of fixed assets such as...
Amortization
A non-cash operating expense that...
SCORE
Counselors to America's Small Bus...
Cash-basis Accounting
records revenue when cash is...
Phase 1
Process used to determine the...
Economic Injury Disaster Loan (EIDL)
a working capital loan that...
Duplicated Interest
The amount of interest exp...
P&L (Profit and Loss Statement)
also considered as Income Statement or...

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