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.
Explore microloans
SBA Glossary

Common SBA Terms

Everything you need to know about common terms used to discuss SBA Loans.
S-Corporation
A form of corporation, allowed by...
Acquisition
The acquiring of supplies or...
Comparative Analysis
Is designed to point out significant trends that...
Affiliated Group
When two or more...
GPM%
The measure of every sales dollar left...
Income Statement
Shows the entity’s income and...
Cash-basis Accounting
records revenue when cash is...
P&L (Profit and Loss Statement)
also considered as Income Statement or...
Protégé
A firm in a developmental stage that...
Normal Annual Sales
Those sales that would have...
Duplicated Interest
The amount of interest exp...
Emerging Small Business
A small business concern whose...
Negotiation
Contracting through the use of...
Contractor Team Arrangement
An arrangement in which...
Intermediary Organization
Organizations that play a funda...

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