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.
Economic Injury Disaster Loan (EIDL)
a working capital loan that...
Full and Open Competition
With respect to a contract action...
Affiliate
Business concerns are affiliates if one concern...
Prime Contract
A contract awarded directly...
Equity
An accounting term used to...
Affiliates
Business concerns, organizations, or...
Adjusted Net Worth
Post disaster fair market value of tangible...
Extraordinary Items
Additional expenses that are...
Operating Leases
are deducted on the company’s...
Limited Partnership
A business organization with one or...
GPM%
The measure of every sales dollar left...
Phase 2
Process to be used to determine economic injury for...
Partnership
A type of unincorporated business org...
Certificate of Competency
A certificate issued by the Small Bus...
Injury Analysis
Measures the effects of...

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