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.
Substantial Damage
This means uninsured or otherwise uncompensated...
Working Capital (WC)
The amount of current assets that...
Business Activity
The business (or loss) activity of...
Applicant Individual
aka who is requesting an SBA loan...
Fair and Reasonable Price
A price that is fair to both parties...
Corporation (C-corp.)
The most common form of business org...
Small Business Development Centers (SBDC)
SBDCs offer a broad spec...
Projection
An estimate of future economic or...
S-Corporation
A form of corporation, allowed by...
Intermediary Organization
Organizations that play a funda...
Accrual Basis Accounting
recognizes revenues when earned and expenses are...
Electronic Data Interchange
Transmission of information bet...
Operating Leases
are deducted on the company’s...
Small Disadvantaged Business Concern
A small business concern that...
B/E (Business EIDL) Loan
A business loan that...

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