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
The 7(a) Loan Program, SBA’s most common loan program, includes assistance for each business with unique needs.
SBA 504 loans are very popular for long-term, fixed rate financing of up to $5 million for major fixed assets.
The average Microloan is about $13,000. The Microloans program provides loans up to $50,000 to small businesses.
SBA Glossary

Common SBA Terms

Everything you need to know about common terms used to discuss SBA Loans.
Contractor Team Arrangement
An arrangement in which...
Corporation (C-corp.)
The most common form of business org...
Small Business
A business smaller than...
Cash-basis Accounting
records revenue when cash is...
Working Capital (WC)
The amount of current assets that...
Partnering
A mutually beneficial business-to-bus...
Partnership
A type of unincorporated business org...
Applicant/Co-Applicant
Business entity and person requesting...
Income Statement
Shows the entity’s income and...
Injury Period
The time period during...
Trend Analysis
A comparative analysis of...
Cash Flow Test
Part of the CET that determines if...
Certificate of Competency
A certificate issued by the Small Bus...
Available Asset Test
Part of the CET that determines if an applicant(s) has...
Amortization
A non-cash operating expense that...

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