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.
Credit Score Test
Part of the home loan CET show a...
Credit Elsewhere Test (CET)
The test to determine the...
Negotiation
Contracting through the use of...
Joint Venture
In the SBA Mentor-Protégé Program...
Cash Flow Test
Part of the CET that determines if...
Subsidiary
A company for which a majority of the...
Injury Analysis
Measures the effects of...
Small Business Innovative Research (SBIR) Contract
A type of contract designed to...
Limited Partnership
A business organization with one or...
Normal Annual Sales
Those sales that would have...
Fair and Reasonable Price
A price that is fair to both parties...
Contracting
Purchasing, renting, leasing, or...
Break-even Analysis
A calculation of the approximate sales...
Economic Injury Disaster Loan (EIDL)
a working capital loan that...
Physical Loans
Funds to repair/replace dis...

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