Glossary
SBA Terms

Projection

An estimate of future economic or financial performance. Generally presented in the form of a Profit and Loss StatementP&L.

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.
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SBA 504 Loans

SBA 504 loans are very popular for long-term, fixed rate financing of up to $5 million for major fixed assets.
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SBA Microloans

The average Microloan is about $13,000. The Microloans program provides loans up to $50,000 to small businesses.
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SBA Glossary

Common SBA Terms

Everything you need to know about common terms used to discuss SBA Loans.
Small Disadvantaged Business Concern
A small business concern that...
Best and Final Offer
For negotiated procurements...
Injury Analysis
Measures the effects of...
Subcontract
A contract between a prime cont...
Schedule of Liabilities
A business debt schedule that lists all of the debts...
Applicant Entity
The business entity requesting...
Applicant/Co-Applicant
Business entity and person requesting...
Sole Proprietor
an individual who...
Physical Loans
Funds to repair/replace dis...
Projection
An estimate of future economic or...
Applicant Individual
aka who is requesting an SBA loan...
Companion File
When an applicant has another application filed...
Request for Proposal (RFP)
A document outlining a...
Credit Elsewhere Test (CET)
The test to determine the...
Partnering
A mutually beneficial business-to-bus...

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