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.
Emerging Small Business
A small business concern whose...
Small Business Development Centers (SBDC)
SBDCs offer a broad spec...
Current Assets
A balance sheet item which equals...
Applicant Entity
The business entity requesting...
GPM%
The measure of every sales dollar left...
Affiliates
Business concerns, organizations, or...
Cash-basis Accounting
records revenue when cash is...
Primary Activity
The major business activity of...
Duplicated Interest
The amount of interest exp...
Phase 1
Process used to determine the...
Mentor
A business, usually large, or...
Applicant Individual
aka who is requesting an SBA loan...
Credit Score Test
Part of the home loan CET show a...
Contract
A mutually binding legal rel..
Fair and Reasonable Price
A price that is fair to both parties...

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