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.
Depreciation
A non-cash operating expense that...
Mentor
A business, usually large, or...
Days Receivable
A measure of the average time a...
Collateral
Assets pledged by a borrower to secure a loan...
Limited Liability Entities (company/partnership)
An LLE provides business owners with...
Injury Analysis
Measures the effects of...
SAE (Stand Alone Economic Injury Disaster Loan)
provide necessary working capital to...
Joint Venture
In the SBA Mentor-Protégé Program...
Days Payable
A measure of the average time a...
Schedule of Liabilities
A business debt schedule that lists all of the debts...
Operating Leases
are deducted on the company’s...
Phase 2
Process to be used to determine economic injury for...
Credit Elsewhere Test (CET)
The test to determine the...
Physical Loans
Funds to repair/replace dis...
Emerging Small Business
A small business concern whose...

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