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.
Small Business
A business smaller than...
Guarantor
The legal entity and...
Phase 2
Process to be used to determine economic injury for...
Duplicated Interest
The amount of interest exp...
Credit Score Test
Part of the home loan CET show a...
Contract
A mutually binding legal rel..
Adjusted Net Worth
Post disaster fair market value of tangible...
Cash Flow Test
Part of the CET that determines if...
Loan Authorization and Agreement (LA&A)
A contract between SBA and the borrower that...
Partnership
A type of unincorporated business org...
Balance Sheet or Statement of Financial Position
Assets = Liabilities + Equity...
Accrual Basis Accounting
recognizes revenues when earned and expenses are...
Income Statement
Shows the entity’s income and...
Contracting
Purchasing, renting, leasing, or...
Hardship Waiver
Method used to approve a...

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