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.
Substantial Damage
This means uninsured or otherwise uncompensated...
Injury Analysis
Measures the effects of...
Small Disadvantaged Business Concern
A small business concern that...
Available Asset Test
Part of the CET that determines if an applicant(s) has...
Contracting Officer
A person with the authority to...
Accrual Basis Accounting
recognizes revenues when earned and expenses are...
Small Business Innovative Research (SBIR) Contract
A type of contract designed to...
Partnership
A type of unincorporated business org...
Cash Flow Test
Part of the CET that determines if...
Schedule of Liabilities
A business debt schedule that lists all of the debts...
Certified 8(a) Firm
A firm owned and operated by socially and...
Hardship Waiver
Method used to approve a...
Affiliate
Business concerns are affiliates if one concern...
Adjusted Net Worth
Post disaster fair market value of tangible...
Current Assets
A balance sheet item which equals...

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