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.
Current Liabilities
A balance sheet item, which...
Corporation (C-corp.)
The most common form of business org...
Amortization
A non-cash operating expense that...
Small Business
A business smaller than...
Credit Elsewhere Test (CET)
The test to determine the...
Equity
An accounting term used to...
Best and Final Offer
For negotiated procurements...
Cash-basis Accounting
records revenue when cash is...
Phase 1
Process used to determine the...
Depreciation
A non-cash operating expense that...
Applicant Entity
The business entity requesting...
Comparative Analysis
Is designed to point out significant trends that...
Primary Activity
The major business activity of...
Subcontract
A contract between a prime cont...
Injury Analysis
Measures the effects of...

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