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.
Coastal Barrier Resource Area (COBRA)
A flood prone area in which...
Projection
An estimate of future economic or...
Phase 1
Process used to determine the...
Mentor
A business, usually large, or...
Request for Proposal (RFP)
A document outlining a...
Days Payable
A measure of the average time a...
Trend Analysis
A comparative analysis of...
Credit Elsewhere Test (CET)
The test to determine the...
Applicant Entity
The business entity requesting...
Limited Partnership
A business organization with one or...
Small Business Development Centers (SBDC)
SBDCs offer a broad spec...
Subsidiary
A company for which a majority of the...
Subcontract
A contract between a prime cont...
Substantial Damage
This means uninsured or otherwise uncompensated...
GPM%
The measure of every sales dollar left...

Get the quick rundown on SBA Loans

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