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.
Cash Flow Test
Part of the CET that determines if...
Small Business Development Centers (SBDC)
SBDCs offer a broad spec...
Small Business Innovative Research (SBIR) Contract
A type of contract designed to...
Depreciation
A non-cash operating expense that...
Electronic Data Interchange
Transmission of information bet...
Small Disadvantaged Business Concern
A small business concern that...
Schedule of Liabilities
A business debt schedule that lists all of the debts...
Protégé
A firm in a developmental stage that...
Contractor Team Arrangement
An arrangement in which...
Phase 1
Process used to determine the...
Projection
An estimate of future economic or...
Affiliate
Business concerns are affiliates if one concern...
Injury Period
The time period during...
Lien
A legal claim against an...
Comparative Analysis
Is designed to point out significant trends that...

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