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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.
Injury Period
The time period during...
Capital Leases
are for the purchase of fixed assets such as...
Full and Open Competition
With respect to a contract action...
P&L (Profit and Loss Statement)
also considered as Income Statement or...
Projection
An estimate of future economic or...
Substantial Damage
This means uninsured or otherwise uncompensated...
Normal Gross Margin
The margin that would have been...
Federal Acquisition Regulation (FAR)
The body of regulations which is...
Lien
A legal claim against an...
Adjusted Net Worth
Post disaster fair market value of tangible...
Hardship Waiver
Method used to approve a...
Sole Proprietor
an individual who...
Applicant/Co-Applicant
Business entity and person requesting...
Credit Score Test
Part of the home loan CET show a...
Primary Activity
The major business activity of...

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