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.
Available Asset Test
Part of the CET that determines if an applicant(s) has...
Current Assets
A balance sheet item which equals...
Affiliated Group
When two or more...
Accrual Basis Accounting
recognizes revenues when earned and expenses are...
Small Business Development Centers (SBDC)
SBDCs offer a broad spec...
Lien
A legal claim against an...
Subsidiary
A company for which a majority of the...
Business Activity
The business (or loss) activity of...
Small Business Innovative Research (SBIR) Contract
A type of contract designed to...
Applicant Entity
The business entity requesting...
Projection
An estimate of future economic or...
Extraordinary Items
Additional expenses that are...
Certified 8(a) Firm
A firm owned and operated by socially and...
Small Business
A business smaller than...
Affiliates
Business concerns, organizations, or...

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