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.
P&L (Profit and Loss Statement)
also considered as Income Statement or...
Subsidiary
A company for which a majority of the...
Cash-basis Accounting
records revenue when cash is...
Days Payable
A measure of the average time a...
Intermediary Organization
Organizations that play a funda...
Fair and Reasonable Price
A price that is fair to both parties...
Amortization
A non-cash operating expense that...
Protégé
A firm in a developmental stage that...
Cash Available to Service Additional Debt (CASAD)
The cash flow determined that...
DBA
ex. Blocker & Sons LLC, doing business as Bob's Burgers
Defense Acquisition Regulatory Council (DARC)
A group composed of rep...
Companion File
When an applicant has another application filed...
Partnering
A mutually beneficial business-to-bus...
Coastal Barrier Resource Area (COBRA)
A flood prone area in which...
Limited Liability Entities (company/partnership)
An LLE provides business owners with...

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