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.
Contractor Team Arrangement
An arrangement in which...
Corporation (C-corp.)
The most common form of business org...
Small Business
A business smaller than...
Cash-basis Accounting
records revenue when cash is...
Working Capital (WC)
The amount of current assets that...
Partnering
A mutually beneficial business-to-bus...
Partnership
A type of unincorporated business org...
Applicant/Co-Applicant
Business entity and person requesting...
Income Statement
Shows the entity’s income and...
Injury Period
The time period during...
Trend Analysis
A comparative analysis of...
Cash Flow Test
Part of the CET that determines if...
Certificate of Competency
A certificate issued by the Small Bus...
Available Asset Test
Part of the CET that determines if an applicant(s) has...
Amortization
A non-cash operating expense that...

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