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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.
Affiliated Group
When two or more...
DBA
ex. Blocker & Sons LLC, doing business as Bob's Burgers
Amortization
A non-cash operating expense that...
Small Business Innovative Research (SBIR) Contract
A type of contract designed to...
Cash Flow Test
Part of the CET that determines if...
Applicant Individual
aka who is requesting an SBA loan...
Liabilities
A financial obligation...
P&L (Profit and Loss Statement)
also considered as Income Statement or...
Lien
A legal claim against an...
SAE (Stand Alone Economic Injury Disaster Loan)
provide necessary working capital to...
Assets
The amount of current assets that is left...
Limited Partnership
A business organization with one or...
Credit Elsewhere Test (CET)
The test to determine the...
SCORE
Counselors to America's Small Bus...
Small Business
A business smaller than...

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