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
The 7(a) Loan Program, SBA’s most common loan program, includes assistance for each business with unique needs.
SBA 504 loans are very popular for long-term, fixed rate financing of up to $5 million for major fixed assets.
The average Microloan is about $13,000. The Microloans program provides loans up to $50,000 to small businesses.
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...
GPM%
The measure of every sales dollar left...
Contracting Officer
A person with the authority to...
Amortization
A non-cash operating expense that...
Defense Contractor
Any person who enters into...
Partnership
A type of unincorporated business org...
NAICS
NAICS codes are common...
Electronic Data Interchange
Transmission of information bet...
Subcontract
A contract between a prime cont...
Small Business Innovative Research (SBIR) Contract
A type of contract designed to...
Normal Annual Sales
Those sales that would have...
Depreciation
A non-cash operating expense that...
Small Business
A business smaller than...
Duplicated Interest
The amount of interest exp...
Days Receivable
A measure of the average time a...

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