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.
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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.
Intermediary Organization
Organizations that play a funda...
Operating Leases
are deducted on the company’s...
Limited Partnership
A business organization with one or...
Best and Final Offer
For negotiated procurements...
Applicant/Co-Applicant
Business entity and person requesting...
GPM%
The measure of every sales dollar left...
NAICS
NAICS codes are common...
Available Asset Test
Part of the CET that determines if an applicant(s) has...
Electronic Data Interchange
Transmission of information bet...
Subsidiary
A company for which a majority of the...
Contracting
Purchasing, renting, leasing, or...
Normal Annual Sales
Those sales that would have...
Comparative Analysis
Is designed to point out significant trends that...
Hardship Waiver
Method used to approve a...
Principal
the owner(s) of the Applicant Entity that...

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