Glossary
SBA Terms

Electronic Data Interchange

Transmission of information between computers using highly standardized electronic versions of common business documents.

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.
Accrual Basis Accounting
recognizes revenues when earned and expenses are...
Principal
the owner(s) of the Applicant Entity that...
Adjusted Net Worth
Post disaster fair market value of tangible...
Contracting
Purchasing, renting, leasing, or...
Depreciation
A non-cash operating expense that...
Injury Period
The time period during...
Small Business
A business smaller than...
Normal Annual Sales
Those sales that would have...
Applicant Individual
aka who is requesting an SBA loan...
Partnership
A type of unincorporated business org...
Current Liabilities
A balance sheet item, which...
Available Asset Test
Part of the CET that determines if an applicant(s) has...
Credit Elsewhere Test (CET)
The test to determine the...
Standard Industrial Classification (SIC) Code
A code representing a category within...
Operating Leases
are deducted on the company’s...

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