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.
Electronic Data Interchange
Transmission of information bet...
NAICS
NAICS codes are common...
Limited Liability Entities (company/partnership)
An LLE provides business owners with...
Normal Annual Sales
Those sales that would have...
Injury Analysis
Measures the effects of...
Cash Available to Service Additional Debt (CASAD)
The cash flow determined that...
Equity
An accounting term used to...
Extraordinary Items
Additional expenses that are...
Small Business
A business smaller than...
Limited Partnership
A business organization with one or...
Federal Acquisition Regulation (FAR)
The body of regulations which is...
Protégé
A firm in a developmental stage that...
B/E (Business EIDL) Loan
A business loan that...
Acquisition
The acquiring of supplies or...
Liabilities
A financial obligation...

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