Glossary
SBA Terms

Physical Loans

Funds to repair/replace disaster damaged or destroyed business assets such as real estate, inventory, machinery and equipment, etc.

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.
B/E (Business EIDL) Loan
A business loan that...
Cash-basis Accounting
records revenue when cash is...
Phase 1
Process used to determine the...
Request for Proposal (RFP)
A document outlining a...
Trend Analysis
A comparative analysis of...
Partnership
A type of unincorporated business org...
Coastal Barrier Resource Area (COBRA)
A flood prone area in which...
Credit Elsewhere Test (CET)
The test to determine the...
Hardship Waiver
Method used to approve a...
Substantial Damage
This means uninsured or otherwise uncompensated...
Equity
An accounting term used to...
Extraordinary Items
Additional expenses that are...
Affiliates
Business concerns, organizations, or...
Prime Contract
A contract awarded directly...
Depreciation
A non-cash operating expense that...

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