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.
Explore 7a loans

SBA 504 Loans

SBA 504 loans are very popular for long-term, fixed rate financing of up to $5 million for major fixed assets.
Explore 504 loans

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.
Sole Proprietor
an individual who...
Defense Contractor
Any person who enters into...
Applicant Entity
The business entity requesting...
SCORE
Counselors to America's Small Bus...
Intermediary Organization
Organizations that play a funda...
Mentor
A business, usually large, or...
Electronic Data Interchange
Transmission of information bet...
Assets
The amount of current assets that is left...
Negotiation
Contracting through the use of...
Limited Liability Entities (company/partnership)
An LLE provides business owners with...
Comparative Analysis
Is designed to point out significant trends that...
Depreciation
A non-cash operating expense that...
Best and Final Offer
For negotiated procurements...
Subsidiary
A company for which a majority of the...
Fair and Reasonable Price
A price that is fair to both parties...

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