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.
Contracting Officer
A person with the authority to...
Primary Activity
The major business activity of...
Full and Open Competition
With respect to a contract action...
Income Statement
Shows the entity’s income and...
Contract
A mutually binding legal rel..
Cash-basis Accounting
records revenue when cash is...
Days Receivable
A measure of the average time a...
B/E (Business EIDL) Loan
A business loan that...
Best and Final Offer
For negotiated procurements...
Partnership
A type of unincorporated business org...
Affiliate
Business concerns are affiliates if one concern...
Coastal Barrier Resource Area (COBRA)
A flood prone area in which...
GPM%
The measure of every sales dollar left...
Loan Authorization and Agreement (LA&A)
A contract between SBA and the borrower that...
Phase 2
Process to be used to determine economic injury for...

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SBA Loan Types
SBA 7a LoansSBA 504 LoansDisaster LoansMicroloans
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SBA Express LoansStandard 7a Loans7a Small LoansExport Express Loans
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Buy a new business->Buy real estate->Refinance debt->Refi real estate->
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