Lien

A legal claim against an asset which is used to secure a loan and which must be paid when the property is sold.

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.
Certified 8(a) Firm
A firm owned and operated by socially and...
B/E (Business EIDL) Loan
A business loan that...
Applicant Individual
aka who is requesting an SBA loan...
Corporation (C-corp.)
The most common form of business org...
Projection
An estimate of future economic or...
Applicant/Co-Applicant
Business entity and person requesting...
Best and Final Offer
For negotiated procurements...
Prime Contract
A contract awarded directly...
Primary Activity
The major business activity of...
Protégé
A firm in a developmental stage that...
Limited Liability Entities (company/partnership)
An LLE provides business owners with...
Subsidiary
A company for which a majority of the...
Extraordinary Items
Additional expenses that are...
Intermediary Organization
Organizations that play a funda...
Physical Loans
Funds to repair/replace dis...

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