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.
Explore microloans
SBA Glossary

Common SBA Terms

Everything you need to know about common terms used to discuss SBA Loans.
Guarantor
The legal entity and...
Mentor
A business, usually large, or...
Current Liabilities
A balance sheet item, which...
Affiliate
Business concerns are affiliates if one concern...
Days Receivable
A measure of the average time a...
SCORE
Counselors to America's Small Bus...
Physical Loans
Funds to repair/replace dis...
Current Assets
A balance sheet item which equals...
Request for Proposal (RFP)
A document outlining a...
Economic Injury Disaster Loan (EIDL)
a working capital loan that...
Affiliated Group
When two or more...
Amortization
A non-cash operating expense that...
Comparative Analysis
Is designed to point out significant trends that...
S-Corporation
A form of corporation, allowed by...
Fair and Reasonable Price
A price that is fair to both parties...

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