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.
Defense Contractor
Any person who enters into...
Contracting
Purchasing, renting, leasing, or...
Lien
A legal claim against an...
Companion File
When an applicant has another application filed...
Corporation (C-corp.)
The most common form of business org...
Days Payable
A measure of the average time a...
Small Business Development Centers (SBDC)
SBDCs offer a broad spec...
Sole Proprietor
an individual who...
Federal Acquisition Regulation (FAR)
The body of regulations which is...
Depreciation
A non-cash operating expense that...
Contract
A mutually binding legal rel..
Contractor Team Arrangement
An arrangement in which...
Affiliates
Business concerns, organizations, or...
Applicant/Co-Applicant
Business entity and person requesting...
Loan Authorization and Agreement (LA&A)
A contract between SBA and the borrower that...

Get the quick rundown on SBA Loans

Join over 4,000+ small business owners already growing with us.