Glossary
SBA Terms

Hardship Waiver

Method used to approve a lower interest rate, when one of the CET test conclusions results in a high rate determination.

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.
Acquisition
The acquiring of supplies or...
Accrual Basis Accounting
recognizes revenues when earned and expenses are...
Assets
The amount of current assets that is left...
Extraordinary Items
Additional expenses that are...
Sole Proprietor
an individual who...
Available Asset Test
Part of the CET that determines if an applicant(s) has...
Affiliates
Business concerns, organizations, or...
Small Business Development Centers (SBDC)
SBDCs offer a broad spec...
Request for Proposal (RFP)
A document outlining a...
Primary Activity
The major business activity of...
Normal Annual Sales
Those sales that would have...
Fair and Reasonable Price
A price that is fair to both parties...
Protégé
A firm in a developmental stage that...
NAICS
NAICS codes are common...
Applicant/Co-Applicant
Business entity and person requesting...

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