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.
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SBA Glossary

Common SBA Terms

Everything you need to know about common terms used to discuss SBA Loans.
Acquisition
The acquiring of supplies or...
Affiliate
Business concerns are affiliates if one concern...
Cash Flow Test
Part of the CET that determines if...
Operating Leases
are deducted on the company’s...
Affiliates
Business concerns, organizations, or...
Working Capital (WC)
The amount of current assets that...
Business Activity
The business (or loss) activity of...
DBA
ex. Blocker & Sons LLC, doing business as Bob's Burgers
Projection
An estimate of future economic or...
Adjusted Net Worth
Post disaster fair market value of tangible...
Affiliated Group
When two or more...
Normal Gross Margin
The margin that would have been...
Credit Score Test
Part of the home loan CET show a...
Available Asset Test
Part of the CET that determines if an applicant(s) has...
P&L (Profit and Loss Statement)
also considered as Income Statement or...

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