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.
Mentor
A business, usually large, or...
Substantial Damage
This means uninsured or otherwise uncompensated...
Affiliated Group
When two or more...
Request for Proposal (RFP)
A document outlining a...
Sole Proprietor
an individual who...
Corporation (C-corp.)
The most common form of business org...
Current Assets
A balance sheet item which equals...
Accrual Basis Accounting
recognizes revenues when earned and expenses are...
Cash Flow Test
Part of the CET that determines if...
Working Capital (WC)
The amount of current assets that...
Defense Contractor
Any person who enters into...
Schedule of Liabilities
A business debt schedule that lists all of the debts...
Subcontract
A contract between a prime cont...
Duplicated Interest
The amount of interest exp...
Contract
A mutually binding legal rel..

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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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