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.
Accrual Basis Accounting
recognizes revenues when earned and expenses are...
Acquisition
The acquiring of supplies or...
Affiliated Group
When two or more...
Equity
An accounting term used to...
Extraordinary Items
Additional expenses that are...
Cash Available to Service Additional Debt (CASAD)
The cash flow determined that...
Projection
An estimate of future economic or...
Liabilities
A financial obligation...
Normal Annual Sales
Those sales that would have...
Phase 2
Process to be used to determine economic injury for...
Economic Injury Disaster Loan (EIDL)
a working capital loan that...
Balance Sheet or Statement of Financial Position
Assets = Liabilities + Equity...
Best and Final Offer
For negotiated procurements...
Cash-basis Accounting
records revenue when cash is...
Affiliates
Business concerns, organizations, or...

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