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.
B/E (Business EIDL) Loan
A business loan that...
Acquisition
The acquiring of supplies or...
Accrual Basis Accounting
recognizes revenues when earned and expenses are...
Joint Venture
In the SBA Mentor-Protégé Program...
Guarantor
The legal entity and...
Hardship Waiver
Method used to approve a...
Lien
A legal claim against an...
Contract
A mutually binding legal rel..
Prime Contract
A contract awarded directly...
Depreciation
A non-cash operating expense that...
P&L (Profit and Loss Statement)
also considered as Income Statement or...
Phase 1
Process used to determine the...
DBA
ex. Blocker & Sons LLC, doing business as Bob's Burgers
Defense Contractor
Any person who enters into...
Limited Liability Entities (company/partnership)
An LLE provides business owners with...

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