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.
Break-even Analysis
A calculation of the approximate sales...
Contracting Officer
A person with the authority to...
Federal Acquisition Regulation (FAR)
The body of regulations which is...
ex. Blocker & Sons LLC, doing business as Bob's Burgers
Best and Final Offer
For negotiated procurements...
A mutually binding legal rel..
Coastal Barrier Resource Area (COBRA)
A flood prone area in which...
Cash-basis Accounting
records revenue when cash is...
A firm in a developmental stage that...
Accrual Basis Accounting
recognizes revenues when earned and expenses are...
Trend Analysis
A comparative analysis of...
Schedule of Liabilities
A business debt schedule that lists all of the debts...
Phase 2
Process to be used to determine economic injury for...
A legal claim against an...
Emerging Small Business
A small business concern whose...

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