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.
Capital Leases
are for the purchase of fixed assets such as...
Current Assets
A balance sheet item which equals...
Credit Elsewhere Test (CET)
The test to determine the...
Available Asset Test
Part of the CET that determines if an applicant(s) has...
Affiliated Group
When two or more...
Small Disadvantaged Business Concern
A small business concern that...
Loan Authorization and Agreement (LA&A)
A contract between SBA and the borrower that...
Guarantor
The legal entity and...
Negotiation
Contracting through the use of...
Limited Liability Entities (company/partnership)
An LLE provides business owners with...
Credit Score Test
Part of the home loan CET show a...
Joint Venture
In the SBA Mentor-Protégé Program...
Prime Contract
A contract awarded directly...
Hardship Waiver
Method used to approve a...
B/E (Business EIDL) Loan
A business loan that...

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