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.
Prime Contract
A contract awarded directly...
Protégé
A firm in a developmental stage that...
Small Disadvantaged Business Concern
A small business concern that...
Working Capital (WC)
The amount of current assets that...
Injury Analysis
Measures the effects of...
Liabilities
A financial obligation...
Defense Acquisition Regulatory Council (DARC)
A group composed of rep...
Phase 2
Process to be used to determine economic injury for...
Small Business Innovative Research (SBIR) Contract
A type of contract designed to...
Extraordinary Items
Additional expenses that are...
Electronic Data Interchange
Transmission of information bet...
Fair and Reasonable Price
A price that is fair to both parties...
Balance Sheet or Statement of Financial Position
Assets = Liabilities + Equity...
SCORE
Counselors to America's Small Bus...
Coastal Barrier Resource Area (COBRA)
A flood prone area in which...

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