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.
Phase 2
Process to be used to determine economic injury for...
Partnering
A mutually beneficial business-to-bus...
Loan Authorization and Agreement (LA&A)
A contract between SBA and the borrower that...
Duplicated Interest
The amount of interest exp...
Protégé
A firm in a developmental stage that...
Adjusted Net Worth
Post disaster fair market value of tangible...
Federal Acquisition Regulation (FAR)
The body of regulations which is...
P&L (Profit and Loss Statement)
also considered as Income Statement or...
Phase 1
Process used to determine the...
Standard Industrial Classification (SIC) Code
A code representing a category within...
Companion File
When an applicant has another application filed...
Balance Sheet or Statement of Financial Position
Assets = Liabilities + Equity...
Current Liabilities
A balance sheet item, which...
Substantial Damage
This means uninsured or otherwise uncompensated...
Coastal Barrier Resource Area (COBRA)
A flood prone area in which...

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