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.
Business Activity
The business (or loss) activity of...
Joint Venture
In the SBA Mentor-Protégé Program...
Current Assets
A balance sheet item which equals...
Phase 2
Process to be used to determine economic injury for...
Acquisition
The acquiring of supplies or...
Cash Flow Test
Part of the CET that determines if...
Schedule of Liabilities
A business debt schedule that lists all of the debts...
Available Asset Test
Part of the CET that determines if an applicant(s) has...
Operating Leases
are deducted on the company’s...
Hardship Waiver
Method used to approve a...
Comparative Analysis
Is designed to point out significant trends that...
Applicant/Co-Applicant
Business entity and person requesting...
Injury Analysis
Measures the effects of...
Credit Score Test
Part of the home loan CET show a...
Coastal Barrier Resource Area (COBRA)
A flood prone area in which...

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