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.
Principal
the owner(s) of the Applicant Entity that...
Primary Activity
The major business activity of...
Income Statement
Shows the entity’s income and...
Limited Partnership
A business organization with one or...
S-Corporation
A form of corporation, allowed by...
Schedule of Liabilities
A business debt schedule that lists all of the debts...
Cash-basis Accounting
records revenue when cash is...
Defense Contractor
Any person who enters into...
Operating Leases
are deducted on the company’s...
Standard Industrial Classification (SIC) Code
A code representing a category within...
Current Liabilities
A balance sheet item, which...
Duplicated Interest
The amount of interest exp...
Partnering
A mutually beneficial business-to-bus...
Working Capital (WC)
The amount of current assets that...
Available Asset Test
Part of the CET that determines if an applicant(s) has...

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Buy a new business->Buy real estate->Refinance debt->Refi real estate->
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