Glossary
SBA Terms

Mentor

A business, usually large, or other organization that has created a specialized program to advance strategic relationships with small businesses.

Updated on
September 9, 2022
Published on
June 20, 2018
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SBA 7a Loans

The 7(a) Loan Program, SBA’s most common loan program, includes assistance for each business with unique needs.
Explore 7a loans

SBA 504 Loans

SBA 504 loans are very popular for long-term, fixed rate financing of up to $5 million for major fixed assets.
Explore 504 loans

SBA Microloans

The average Microloan is about $13,000. The Microloans program provides loans up to $50,000 to small businesses.
Explore microloans
SBA Glossary

Common SBA Terms

Everything you need to know about common terms used to discuss SBA Loans.
Cash Available to Service Additional Debt (CASAD)
The cash flow determined that...
Hardship Waiver
Method used to approve a...
Applicant Individual
aka who is requesting an SBA loan...
Physical Loans
Funds to repair/replace dis...
Limited Liability Entities (company/partnership)
An LLE provides business owners with...
Defense Contractor
Any person who enters into...
Credit Score Test
Part of the home loan CET show a...
Credit Elsewhere Test (CET)
The test to determine the...
Available Asset Test
Part of the CET that determines if an applicant(s) has...
Collateral
Assets pledged by a borrower to secure a loan...
Fair and Reasonable Price
A price that is fair to both parties...
Adjusted Net Worth
Post disaster fair market value of tangible...
Partnering
A mutually beneficial business-to-bus...
Corporation (C-corp.)
The most common form of business org...
Subcontract
A contract between a prime cont...

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