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.
Full and Open Competition
With respect to a contract action...
Cash-basis Accounting
records revenue when cash is...
Hardship Waiver
Method used to approve a...
Protégé
A firm in a developmental stage that...
Contractor Team Arrangement
An arrangement in which...
GPM%
The measure of every sales dollar left...
Best and Final Offer
For negotiated procurements...
Contracting Officer
A person with the authority to...
Credit Score Test
Part of the home loan CET show a...
Credit Elsewhere Test (CET)
The test to determine the...
Intermediary Organization
Organizations that play a funda...
Break-even Analysis
A calculation of the approximate sales...
Primary Activity
The major business activity of...
Sole Proprietor
an individual who...
Mentor
A business, usually large, or...

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