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.
Cash-basis Accounting
records revenue when cash is...
Amortization
A non-cash operating expense that...
Days Receivable
A measure of the average time a...
Subsidiary
A company for which a majority of the...
Request for Proposal (RFP)
A document outlining a...
Negotiation
Contracting through the use of...
Acquisition
The acquiring of supplies or...
Companion File
When an applicant has another application filed...
Applicant/Co-Applicant
Business entity and person requesting...
Partnership
A type of unincorporated business org...
Liabilities
A financial obligation...
Capital Leases
are for the purchase of fixed assets such as...
Income Statement
Shows the entity’s income and...
Economic Injury Disaster Loan (EIDL)
a working capital loan that...
DBA
ex. Blocker & Sons LLC, doing business as Bob's Burgers

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