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.
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.
Companion File
When an applicant has another application filed...
GPM%
The measure of every sales dollar left...
Principal
the owner(s) of the Applicant Entity that...
Small Business
A business smaller than...
Joint Venture
In the SBA Mentor-Protégé Program...
Normal Annual Sales
Those sales that would have...
Cash-basis Accounting
records revenue when cash is...
Affiliated Group
When two or more...
Contracting Officer
A person with the authority to...
Amortization
A non-cash operating expense that...
SCORE
Counselors to America's Small Bus...
Acquisition
The acquiring of supplies or...
Business Activity
The business (or loss) activity of...
P&L (Profit and Loss Statement)
also considered as Income Statement or...
Applicant/Co-Applicant
Business entity and person requesting...

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