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.
Subsidiary
A company for which a majority of the...
Certified 8(a) Firm
A firm owned and operated by socially and...
Affiliated Group
When two or more...
Schedule of Liabilities
A business debt schedule that lists all of the debts...
Small Business Development Centers (SBDC)
SBDCs offer a broad spec...
P&L (Profit and Loss Statement)
also considered as Income Statement or...
Depreciation
A non-cash operating expense that...
Lien
A legal claim against an...
Defense Acquisition Regulatory Council (DARC)
A group composed of rep...
Liabilities
A financial obligation...
Operating Leases
are deducted on the company’s...
Affiliate
Business concerns are affiliates if one concern...
Federal Acquisition Regulation (FAR)
The body of regulations which is...
Best and Final Offer
For negotiated procurements...
Subcontract
A contract between a prime cont...

Get the quick rundown on SBA Loans

Join over 4,000+ small business owners already growing with us.