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.
Schedule of Liabilities
A business debt schedule that lists all of the debts...
Corporation (C-corp.)
The most common form of business org...
Capital Leases
are for the purchase of fixed assets such as...
Normal Annual Sales
Those sales that would have...
Substantial Damage
This means uninsured or otherwise uncompensated...
Affiliate
Business concerns are affiliates if one concern...
Injury Period
The time period during...
Certified 8(a) Firm
A firm owned and operated by socially and...
Subcontract
A contract between a prime cont...
Current Liabilities
A balance sheet item, which...
Days Payable
A measure of the average time a...
Primary Activity
The major business activity of...
Comparative Analysis
Is designed to point out significant trends that...
Full and Open Competition
With respect to a contract action...
Working Capital (WC)
The amount of current assets that...

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