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.
Hardship Waiver
Method used to approve a...
NAICS
NAICS codes are common...
Current Liabilities
A balance sheet item, which...
Primary Activity
The major business activity of...
Principal
the owner(s) of the Applicant Entity that...
Standard Industrial Classification (SIC) Code
A code representing a category within...
Negotiation
Contracting through the use of...
Phase 2
Process to be used to determine economic injury for...
Trend Analysis
A comparative analysis of...
Contracting Officer
A person with the authority to...
Intermediary Organization
Organizations that play a funda...
Collateral
Assets pledged by a borrower to secure a loan...
SAE (Stand Alone Economic Injury Disaster Loan)
provide necessary working capital to...
Accrual Basis Accounting
recognizes revenues when earned and expenses are...
DBA
ex. Blocker & Sons LLC, doing business as Bob's Burgers

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