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.
Explore 504 loans

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.
Loan Authorization and Agreement (LA&A)
A contract between SBA and the borrower that...
Contracting
Purchasing, renting, leasing, or...
Cash-basis Accounting
records revenue when cash is...
Affiliated Group
When two or more...
B/E (Business EIDL) Loan
A business loan that...
Accrual Basis Accounting
recognizes revenues when earned and expenses are...
Companion File
When an applicant has another application filed...
Assets
The amount of current assets that is left...
Partnering
A mutually beneficial business-to-bus...
Federal Acquisition Regulation (FAR)
The body of regulations which is...
Extraordinary Items
Additional expenses that are...
Comparative Analysis
Is designed to point out significant trends that...
Duplicated Interest
The amount of interest exp...
Hardship Waiver
Method used to approve a...
Schedule of Liabilities
A business debt schedule that lists all of the debts...

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