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.
Accrual Basis Accounting
recognizes revenues when earned and expenses are...
Phase 2
Process to be used to determine economic injury for...
Hardship Waiver
Method used to approve a...
Cash Available to Service Additional Debt (CASAD)
The cash flow determined that...
Liabilities
A financial obligation...
Lien
A legal claim against an...
Comparative Analysis
Is designed to point out significant trends that...
Limited Partnership
A business organization with one or...
Coastal Barrier Resource Area (COBRA)
A flood prone area in which...
Applicant Entity
The business entity requesting...
GPM%
The measure of every sales dollar left...
Applicant/Co-Applicant
Business entity and person requesting...
Companion File
When an applicant has another application filed...
Available Asset Test
Part of the CET that determines if an applicant(s) has...
DBA
ex. Blocker & Sons LLC, doing business as Bob's Burgers

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