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.
Days Receivable
A measure of the average time a...
Emerging Small Business
A small business concern whose...
Sole Proprietor
an individual who...
Subsidiary
A company for which a majority of the...
Companion File
When an applicant has another application filed...
Prime Contract
A contract awarded directly...
Contracting Officer
A person with the authority to...
Collateral
Assets pledged by a borrower to secure a loan...
Current Assets
A balance sheet item which equals...
Cash-basis Accounting
records revenue when cash is...
Capital Leases
are for the purchase of fixed assets such as...
Current Liabilities
A balance sheet item, which...
Small Disadvantaged Business Concern
A small business concern that...
Working Capital (WC)
The amount of current assets that...
Normal Gross Margin
The margin that would have been...

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