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.
Break-even Analysis
A calculation of the approximate sales...
Current Assets
A balance sheet item which equals...
Small Business Innovative Research (SBIR) Contract
A type of contract designed to...
Duplicated Interest
The amount of interest exp...
Income Statement
Shows the entity’s income and...
Fair and Reasonable Price
A price that is fair to both parties...
Affiliated Group
When two or more...
Applicant/Co-Applicant
Business entity and person requesting...
Electronic Data Interchange
Transmission of information bet...
Amortization
A non-cash operating expense that...
Business Activity
The business (or loss) activity of...
Best and Final Offer
For negotiated procurements...
Cash Available to Service Additional Debt (CASAD)
The cash flow determined that...
Principal
the owner(s) of the Applicant Entity that...
Hardship Waiver
Method used to approve a...

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