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.
Subsidiary
A company for which a majority of the...
GPM%
The measure of every sales dollar left...
Guarantor
The legal entity and...
Days Payable
A measure of the average time a...
Subcontract
A contract between a prime cont...
Protégé
A firm in a developmental stage that...
Emerging Small Business
A small business concern whose...
Current Assets
A balance sheet item which equals...
Phase 1
Process used to determine the...
Contract
A mutually binding legal rel..
Certificate of Competency
A certificate issued by the Small Bus...
Hardship Waiver
Method used to approve a...
Cash Available to Service Additional Debt (CASAD)
The cash flow determined that...
Sole Proprietor
an individual who...
Lien
A legal claim against an...

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