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.
Explore microloans
SBA Glossary

Common SBA Terms

Everything you need to know about common terms used to discuss SBA Loans.
Intermediary Organization
Organizations that play a funda...
Sole Proprietor
an individual who...
Principal
the owner(s) of the Applicant Entity that...
Applicant Entity
The business entity requesting...
Available Asset Test
Part of the CET that determines if an applicant(s) has...
Contract
A mutually binding legal rel..
Certificate of Competency
A certificate issued by the Small Bus...
Operating Leases
are deducted on the company’s...
Partnership
A type of unincorporated business org...
Working Capital (WC)
The amount of current assets that...
Cash Flow Test
Part of the CET that determines if...
Limited Partnership
A business organization with one or...
B/E (Business EIDL) Loan
A business loan that...
Federal Acquisition Regulation (FAR)
The body of regulations which is...
Partnering
A mutually beneficial business-to-bus...

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