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.
Affiliated Group
When two or more...
Guarantor
The legal entity and...
Best and Final Offer
For negotiated procurements...
Amortization
A non-cash operating expense that...
Contractor Team Arrangement
An arrangement in which...
Phase 2
Process to be used to determine economic injury for...
Duplicated Interest
The amount of interest exp...
Normal Annual Sales
Those sales that would have...
Injury Analysis
Measures the effects of...
Contract
A mutually binding legal rel..
Break-even Analysis
A calculation of the approximate sales...
Credit Elsewhere Test (CET)
The test to determine the...
P&L (Profit and Loss Statement)
also considered as Income Statement or...
Comparative Analysis
Is designed to point out significant trends that...
Coastal Barrier Resource Area (COBRA)
A flood prone area in which...

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