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.
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SBA 504 Loans

SBA 504 loans are very popular for long-term, fixed rate financing of up to $5 million for major fixed assets.
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SBA Microloans

The average Microloan is about $13,000. The Microloans program provides loans up to $50,000 to small businesses.
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SBA Glossary

Common SBA Terms

Everything you need to know about common terms used to discuss SBA Loans.
Trend Analysis
A comparative analysis of...
SAE (Stand Alone Economic Injury Disaster Loan)
provide necessary working capital to...
Extraordinary Items
Additional expenses that are...
Standard Industrial Classification (SIC) Code
A code representing a category within...
Mentor
A business, usually large, or...
Normal Gross Margin
The margin that would have been...
Collateral
Assets pledged by a borrower to secure a loan...
Emerging Small Business
A small business concern whose...
Fair and Reasonable Price
A price that is fair to both parties...
Affiliated Group
When two or more...
S-Corporation
A form of corporation, allowed by...
Partnership
A type of unincorporated business org...
Credit Elsewhere Test (CET)
The test to determine the...
Working Capital (WC)
The amount of current assets that...
SCORE
Counselors to America's Small Bus...

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