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.
Certificate of Competency
A certificate issued by the Small Bus...
Assets
The amount of current assets that is left...
Cash Flow Test
Part of the CET that determines if...
Working Capital (WC)
The amount of current assets that...
Intermediary Organization
Organizations that play a funda...
Full and Open Competition
With respect to a contract action...
Limited Partnership
A business organization with one or...
Credit Score Test
Part of the home loan CET show a...
Physical Loans
Funds to repair/replace dis...
Adjusted Net Worth
Post disaster fair market value of tangible...
Injury Period
The time period during...
Subcontract
A contract between a prime cont...
Depreciation
A non-cash operating expense that...
Substantial Damage
This means uninsured or otherwise uncompensated...
Applicant/Co-Applicant
Business entity and person requesting...

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