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.
Prime Contract
A contract awarded directly...
Current Assets
A balance sheet item which equals...
Duplicated Interest
The amount of interest exp...
Depreciation
A non-cash operating expense that...
Intermediary Organization
Organizations that play a funda...
Emerging Small Business
A small business concern whose...
Applicant Entity
The business entity requesting...
Physical Loans
Funds to repair/replace dis...
Certificate of Competency
A certificate issued by the Small Bus...
Acquisition
The acquiring of supplies or...
Phase 2
Process to be used to determine economic injury for...
Mentor
A business, usually large, or...
Affiliate
Business concerns are affiliates if one concern...
Contract
A mutually binding legal rel..
Cash-basis Accounting
records revenue when cash is...

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