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.
Applicant/Co-Applicant
Business entity and person requesting...
Defense Acquisition Regulatory Council (DARC)
A group composed of rep...
Cash Flow Test
Part of the CET that determines if...
Physical Loans
Funds to repair/replace dis...
Corporation (C-corp.)
The most common form of business org...
Days Payable
A measure of the average time a...
Available Asset Test
Part of the CET that determines if an applicant(s) has...
Hardship Waiver
Method used to approve a...
Extraordinary Items
Additional expenses that are...
Contractor Team Arrangement
An arrangement in which...
Small Business Innovative Research (SBIR) Contract
A type of contract designed to...
Credit Score Test
Part of the home loan CET show a...
Applicant Individual
aka who is requesting an SBA loan...
Request for Proposal (RFP)
A document outlining a...
Cash Available to Service Additional Debt (CASAD)
The cash flow determined that...

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