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.
Phase 2
Process to be used to determine economic injury for...
Comparative Analysis
Is designed to point out significant trends that...
Working Capital (WC)
The amount of current assets that...
Collateral
Assets pledged by a borrower to secure a loan...
Days Payable
A measure of the average time a...
Hardship Waiver
Method used to approve a...
Affiliate
Business concerns are affiliates if one concern...
Guarantor
The legal entity and...
Duplicated Interest
The amount of interest exp...
Primary Activity
The major business activity of...
Intermediary Organization
Organizations that play a funda...
Mentor
A business, usually large, or...
Joint Venture
In the SBA Mentor-Protégé Program...
Extraordinary Items
Additional expenses that are...
Defense Contractor
Any person who enters into...

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