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...
Injury Analysis
Measures the effects of...
SAE (Stand Alone Economic Injury Disaster Loan)
provide necessary working capital to...
Limited Liability Entities (company/partnership)
An LLE provides business owners with...
Phase 1
Process used to determine the...
Affiliated Group
When two or more...
Accrual Basis Accounting
recognizes revenues when earned and expenses are...
Fair and Reasonable Price
A price that is fair to both parties...
Contract
A mutually binding legal rel..
Duplicated Interest
The amount of interest exp...
Days Payable
A measure of the average time a...
Primary Activity
The major business activity of...
Business Activity
The business (or loss) activity of...
Break-even Analysis
A calculation of the approximate sales...
Coastal Barrier Resource Area (COBRA)
A flood prone area in which...

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