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.
Federal Acquisition Regulation (FAR)
The body of regulations which is...
Collateral
Assets pledged by a borrower to secure a loan...
Phase 1
Process used to determine the...
GPM%
The measure of every sales dollar left...
Break-even Analysis
A calculation of the approximate sales...
S-Corporation
A form of corporation, allowed by...
Current Liabilities
A balance sheet item, which...
Current Assets
A balance sheet item which equals...
Prime Contract
A contract awarded directly...
Balance Sheet or Statement of Financial Position
Assets = Liabilities + Equity...
Affiliate
Business concerns are affiliates if one concern...
Business Activity
The business (or loss) activity of...
Applicant Individual
aka who is requesting an SBA loan...
Days Payable
A measure of the average time a...
P&L (Profit and Loss Statement)
also considered as Income Statement or...

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