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.
Normal Gross Margin
The margin that would have been...
Lien
A legal claim against an...
B/E (Business EIDL) Loan
A business loan that...
Limited Liability Entities (company/partnership)
An LLE provides business owners with...
DBA
ex. Blocker & Sons LLC, doing business as Bob's Burgers
GPM%
The measure of every sales dollar left...
Request for Proposal (RFP)
A document outlining a...
Companion File
When an applicant has another application filed...
Current Liabilities
A balance sheet item, which...
Projection
An estimate of future economic or...
Substantial Damage
This means uninsured or otherwise uncompensated...
Working Capital (WC)
The amount of current assets that...
Contractor Team Arrangement
An arrangement in which...
Affiliates
Business concerns, organizations, or...
Duplicated Interest
The amount of interest exp...

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