Glossary
SBA Terms

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
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SBA 7a Loans

The 7(a) Loan Program, SBA’s most common loan program, includes assistance for each business with unique needs.
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SBA 504 Loans

SBA 504 loans are very popular for long-term, fixed rate financing of up to $5 million for major fixed assets.
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SBA Microloans

The average Microloan is about $13,000. The Microloans program provides loans up to $50,000 to small businesses.
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SBA Glossary

Common SBA Terms

Everything you need to know about common terms used to discuss SBA Loans.
SCORE
Counselors to America's Small Bus...
Cash Available to Service Additional Debt (CASAD)
The cash flow determined that...
Available Asset Test
Part of the CET that determines if an applicant(s) has...
Fair and Reasonable Price
A price that is fair to both parties...
Days Payable
A measure of the average time a...
Economic Injury Disaster Loan (EIDL)
a working capital loan that...
P&L (Profit and Loss Statement)
also considered as Income Statement or...
Defense Acquisition Regulatory Council (DARC)
A group composed of rep...
Duplicated Interest
The amount of interest exp...
Phase 1
Process used to determine the...
Certified 8(a) Firm
A firm owned and operated by socially and...
Cash-basis Accounting
records revenue when cash is...
Extraordinary Items
Additional expenses that are...
Prime Contract
A contract awarded directly...
Cash Flow Test
Part of the CET that determines if...

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