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.
Electronic Data Interchange
Transmission of information bet...
B/E (Business EIDL) Loan
A business loan that...
Operating Leases
are deducted on the company’s...
Cash-basis Accounting
records revenue when cash is...
Emerging Small Business
A small business concern whose...
Collateral
Assets pledged by a borrower to secure a loan...
Joint Venture
In the SBA Mentor-Protégé Program...
Cash Available to Service Additional Debt (CASAD)
The cash flow determined that...
Economic Injury Disaster Loan (EIDL)
a working capital loan that...
Schedule of Liabilities
A business debt schedule that lists all of the debts...
Partnership
A type of unincorporated business org...
Adjusted Net Worth
Post disaster fair market value of tangible...
Standard Industrial Classification (SIC) Code
A code representing a category within...
Certified 8(a) Firm
A firm owned and operated by socially and...
Federal Acquisition Regulation (FAR)
The body of regulations which is...

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