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
Apply Here

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.
Injury Period
The time period during...
Fair and Reasonable Price
A price that is fair to both parties...
Certified 8(a) Firm
A firm owned and operated by socially and...
Income Statement
Shows the entity’s income and...
Defense Contractor
Any person who enters into...
Standard Industrial Classification (SIC) Code
A code representing a category within...
DBA
ex. Blocker & Sons LLC, doing business as Bob's Burgers
Physical Loans
Funds to repair/replace dis...
Collateral
Assets pledged by a borrower to secure a loan...
Current Liabilities
A balance sheet item, which...
Loan Authorization and Agreement (LA&A)
A contract between SBA and the borrower that...
Hardship Waiver
Method used to approve a...
Partnership
A type of unincorporated business org...
SCORE
Counselors to America's Small Bus...
B/E (Business EIDL) Loan
A business loan that...

Get the quick rundown on SBA Loans

Join over 4,000+ small business owners already growing with us.
How it Works
contact@sbaloans.orgPrivacyToS
SBA Loan Types
SBA 7a LoansSBA 504 LoansDisaster LoansMicroloans
SBA 7a Loan Types
SBA Express LoansStandard 7a Loans7a Small LoansExport Express Loans
SBA Loan Purposes
Buy a new business->Buy real estate->Refinance debt->Refi real estate->
SBA EDU
SBA FAQsSBA GlossaryAbout 7a LoansAbout 504 Loans
Get Started
SBA Loan App ->
SBA Loan RatesSBA Disaster AssistanceAbout Us
Copyright © 2025 Mainstreet Financial LLC
Secured with bank-level SSL
Built on Mainstreet
Powered by SBALoans.org