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.
Explore microloans
SBA Glossary

Common SBA Terms

Everything you need to know about common terms used to discuss SBA Loans.
Corporation (C-corp.)
The most common form of business org...
Trend Analysis
A comparative analysis of...
Income Statement
Shows the entity’s income and...
Phase 2
Process to be used to determine economic injury for...
Phase 1
Process used to determine the...
Emerging Small Business
A small business concern whose...
GPM%
The measure of every sales dollar left...
Contracting
Purchasing, renting, leasing, or...
Affiliate
Business concerns are affiliates if one concern...
Small Business
A business smaller than...
Current Liabilities
A balance sheet item, which...
Acquisition
The acquiring of supplies or...
NAICS
NAICS codes are common...
Substantial Damage
This means uninsured or otherwise uncompensated...
Working Capital (WC)
The amount of current assets that...

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