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.
Schedule of Liabilities
A business debt schedule that lists all of the debts...
Defense Acquisition Regulatory Council (DARC)
A group composed of rep...
Contracting Officer
A person with the authority to...
Hardship Waiver
Method used to approve a...
Standard Industrial Classification (SIC) Code
A code representing a category within...
Duplicated Interest
The amount of interest exp...
Applicant Individual
aka who is requesting an SBA loan...
Days Payable
A measure of the average time a...
Principal
the owner(s) of the Applicant Entity that...
B/E (Business EIDL) Loan
A business loan that...
Certified 8(a) Firm
A firm owned and operated by socially and...
Guarantor
The legal entity and...
Accrual Basis Accounting
recognizes revenues when earned and expenses are...
Subsidiary
A company for which a majority of the...
Credit Elsewhere Test (CET)
The test to determine the...

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