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.
Projection
An estimate of future economic or...
Schedule of Liabilities
A business debt schedule that lists all of the debts...
Limited Partnership
A business organization with one or...
Operating Leases
are deducted on the company’s...
Normal Annual Sales
Those sales that would have...
Small Disadvantaged Business Concern
A small business concern that...
NAICS
NAICS codes are common...
Cash Available to Service Additional Debt (CASAD)
The cash flow determined that...
Certificate of Competency
A certificate issued by the Small Bus...
DBA
ex. Blocker & Sons LLC, doing business as Bob's Burgers
GPM%
The measure of every sales dollar left...
Electronic Data Interchange
Transmission of information bet...
Request for Proposal (RFP)
A document outlining a...
Balance Sheet or Statement of Financial Position
Assets = Liabilities + Equity...
Applicant Individual
aka who is requesting an SBA loan...

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