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.
B/E (Business EIDL) Loan
A business loan that...
Coastal Barrier Resource Area (COBRA)
A flood prone area in which...
Injury Period
The time period during...
Contractor Team Arrangement
An arrangement in which...
Small Disadvantaged Business Concern
A small business concern that...
Defense Contractor
Any person who enters into...
Lien
A legal claim against an...
Request for Proposal (RFP)
A document outlining a...
Protégé
A firm in a developmental stage that...
Applicant Individual
aka who is requesting an SBA loan...
SAE (Stand Alone Economic Injury Disaster Loan)
provide necessary working capital to...
Loan Authorization and Agreement (LA&A)
A contract between SBA and the borrower that...
Phase 1
Process used to determine the...
Negotiation
Contracting through the use of...
Principal
the owner(s) of the Applicant Entity that...

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