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.
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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.
Income Statement
Shows the entity’s income and...
Capital Leases
are for the purchase of fixed assets such as...
Extraordinary Items
Additional expenses that are...
S-Corporation
A form of corporation, allowed by...
Sole Proprietor
an individual who...
Small Disadvantaged Business Concern
A small business concern that...
NAICS
NAICS codes are common...
Assets
The amount of current assets that is left...
Equity
An accounting term used to...
Comparative Analysis
Is designed to point out significant trends that...
Fair and Reasonable Price
A price that is fair to both parties...
Affiliates
Business concerns, organizations, or...
Limited Partnership
A business organization with one or...
Accrual Basis Accounting
recognizes revenues when earned and expenses are...
Defense Acquisition Regulatory Council (DARC)
A group composed of rep...

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