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.
Physical Loans
Funds to repair/replace dis...
Depreciation
A non-cash operating expense that...
Limited Liability Entities (company/partnership)
An LLE provides business owners with...
Cash Available to Service Additional Debt (CASAD)
The cash flow determined that...
Injury Period
The time period during...
Joint Venture
In the SBA Mentor-Protégé Program...
Liabilities
A financial obligation...
Guarantor
The legal entity and...
Contracting Officer
A person with the authority to...
Applicant/Co-Applicant
Business entity and person requesting...
Defense Contractor
Any person who enters into...
Phase 1
Process used to determine the...
Adjusted Net Worth
Post disaster fair market value of tangible...
Small Disadvantaged Business Concern
A small business concern that...
Mentor
A business, usually large, or...

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