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.
Injury Analysis
Measures the effects of...
Hardship Waiver
Method used to approve a...
Extraordinary Items
Additional expenses that are...
Contractor Team Arrangement
An arrangement in which...
Break-even Analysis
A calculation of the approximate sales...
Certificate of Competency
A certificate issued by the Small Bus...
Accrual Basis Accounting
recognizes revenues when earned and expenses are...
Phase 1
Process used to determine the...
Assets
The amount of current assets that is left...
Small Business
A business smaller than...
Mentor
A business, usually large, or...
Limited Partnership
A business organization with one or...
Contracting Officer
A person with the authority to...
B/E (Business EIDL) Loan
A business loan that...
DBA
ex. Blocker & Sons LLC, doing business as Bob's Burgers

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