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.
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SBA Glossary

Common SBA Terms

Everything you need to know about common terms used to discuss SBA Loans.
Limited Liability Entities (company/partnership)
An LLE provides business owners with...
Economic Injury Disaster Loan (EIDL)
a working capital loan that...
Affiliates
Business concerns, organizations, or...
Trend Analysis
A comparative analysis of...
Working Capital (WC)
The amount of current assets that...
Limited Partnership
A business organization with one or...
Mentor
A business, usually large, or...
Amortization
A non-cash operating expense that...
Principal
the owner(s) of the Applicant Entity that...
Credit Elsewhere Test (CET)
The test to determine the...
Capital Leases
are for the purchase of fixed assets such as...
GPM%
The measure of every sales dollar left...
Partnership
A type of unincorporated business org...
Partnering
A mutually beneficial business-to-bus...
Federal Acquisition Regulation (FAR)
The body of regulations which is...

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