Glossary
SBA Terms

Fair and Reasonable Price

A price that is fair to both parties, considering the agreed-upon conditions, promised quality, and timeliness of contract performance. "Fair and reasonable" price is subject to statutory and regulatory limitations.

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.
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SBA Microloans

The average Microloan is about $13,000. The Microloans program provides loans up to $50,000 to small businesses.
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SBA Glossary

Common SBA Terms

Everything you need to know about common terms used to discuss SBA Loans.
DBA
ex. Blocker & Sons LLC, doing business as Bob's Burgers
Depreciation
A non-cash operating expense that...
Liabilities
A financial obligation...
Guarantor
The legal entity and...
S-Corporation
A form of corporation, allowed by...
Affiliate
Business concerns are affiliates if one concern...
Economic Injury Disaster Loan (EIDL)
a working capital loan that...
P&L (Profit and Loss Statement)
also considered as Income Statement or...
Hardship Waiver
Method used to approve a...
Injury Analysis
Measures the effects of...
Partnership
A type of unincorporated business org...
Assets
The amount of current assets that is left...
Subsidiary
A company for which a majority of the...
Affiliates
Business concerns, organizations, or...
Affiliated Group
When two or more...

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