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.
Applicant Entity
The business entity requesting...
Loan Authorization and Agreement (LA&A)
A contract between SBA and the borrower that...
Guarantor
The legal entity and...
Credit Score Test
Part of the home loan CET show a...
Small Business
A business smaller than...
Substantial Damage
This means uninsured or otherwise uncompensated...
Prime Contract
A contract awarded directly...
Best and Final Offer
For negotiated procurements...
Phase 2
Process to be used to determine economic injury for...
Economic Injury Disaster Loan (EIDL)
a working capital loan that...
Comparative Analysis
Is designed to point out significant trends that...
Contractor Team Arrangement
An arrangement in which...
Equity
An accounting term used to...
Intermediary Organization
Organizations that play a funda...
Cash-basis Accounting
records revenue when cash is...

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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
SBA Loan Purposes
Buy a new business->Buy real estate->Refinance debt->Refi real estate->
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