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.
NAICS
NAICS codes are common...
Limited Partnership
A business organization with one or...
Limited Liability Entities (company/partnership)
An LLE provides business owners with...
Certificate of Competency
A certificate issued by the Small Bus...
Extraordinary Items
Additional expenses that are...
Economic Injury Disaster Loan (EIDL)
a working capital loan that...
Operating Leases
are deducted on the company’s...
Adjusted Net Worth
Post disaster fair market value of tangible...
Small Business Innovative Research (SBIR) Contract
A type of contract designed to...
Hardship Waiver
Method used to approve a...
Liabilities
A financial obligation...
Depreciation
A non-cash operating expense that...
Federal Acquisition Regulation (FAR)
The body of regulations which is...
Electronic Data Interchange
Transmission of information bet...
Applicant Entity
The business entity requesting...

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