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.
Normal Gross Margin
The margin that would have been...
Business Activity
The business (or loss) activity of...
Protégé
A firm in a developmental stage that...
Hardship Waiver
Method used to approve a...
Balance Sheet or Statement of Financial Position
Assets = Liabilities + Equity...
Comparative Analysis
Is designed to point out significant trends that...
Loan Authorization and Agreement (LA&A)
A contract between SBA and the borrower that...
Schedule of Liabilities
A business debt schedule that lists all of the debts...
Available Asset Test
Part of the CET that determines if an applicant(s) has...
Request for Proposal (RFP)
A document outlining a...
Guarantor
The legal entity and...
Partnership
A type of unincorporated business org...
NAICS
NAICS codes are common...
Equity
An accounting term used to...
Credit Score Test
Part of the home loan CET show a...

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