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.
Negotiation
Contracting through the use of...
Injury Period
The time period during...
Subsidiary
A company for which a majority of the...
NAICS
NAICS codes are common...
Days Receivable
A measure of the average time a...
Coastal Barrier Resource Area (COBRA)
A flood prone area in which...
Assets
The amount of current assets that is left...
Limited Partnership
A business organization with one or...
Schedule of Liabilities
A business debt schedule that lists all of the debts...
Cash Flow Test
Part of the CET that determines if...
Days Payable
A measure of the average time a...
Contracting
Purchasing, renting, leasing, or...
Primary Activity
The major business activity of...
Affiliates
Business concerns, organizations, or...
Loan Authorization and Agreement (LA&A)
A contract between SBA and the borrower that...

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