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.
Applicant Individual
aka who is requesting an SBA loan...
Loan Authorization and Agreement (LA&A)
A contract between SBA and the borrower that...
Full and Open Competition
With respect to a contract action...
Income Statement
Shows the entity’s income and...
Cash Flow Test
Part of the CET that determines if...
Small Business Innovative Research (SBIR) Contract
A type of contract designed to...
Hardship Waiver
Method used to approve a...
Equity
An accounting term used to...
Assets
The amount of current assets that is left...
Corporation (C-corp.)
The most common form of business org...
Coastal Barrier Resource Area (COBRA)
A flood prone area in which...
Prime Contract
A contract awarded directly...
SAE (Stand Alone Economic Injury Disaster Loan)
provide necessary working capital to...
Limited Partnership
A business organization with one or...
S-Corporation
A form of corporation, allowed by...

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