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
The 7(a) Loan Program, SBA’s most common loan program, includes assistance for each business with unique needs.
SBA 504 loans are very popular for long-term, fixed rate financing of up to $5 million for major fixed assets.
The average Microloan is about $13,000. The Microloans program provides loans up to $50,000 to small businesses.
SBA Glossary

Common SBA Terms

Everything you need to know about common terms used to discuss SBA Loans.
Projection
An estimate of future economic or...
Substantial Damage
This means uninsured or otherwise uncompensated...
Economic Injury Disaster Loan (EIDL)
a working capital loan that...
Contracting
Purchasing, renting, leasing, or...
Small Disadvantaged Business Concern
A small business concern that...
Request for Proposal (RFP)
A document outlining a...
Working Capital (WC)
The amount of current assets that...
Schedule of Liabilities
A business debt schedule that lists all of the debts...
Extraordinary Items
Additional expenses that are...
SCORE
Counselors to America's Small Bus...
Cash Flow Test
Part of the CET that determines if...
Contractor Team Arrangement
An arrangement in which...
Cash Available to Service Additional Debt (CASAD)
The cash flow determined that...
Standard Industrial Classification (SIC) Code
A code representing a category within...
Defense Contractor
Any person who enters into...

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