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.
Comparative Analysis
Is designed to point out significant trends that...
Cash Flow Test
Part of the CET that determines if...
Limited Liability Entities (company/partnership)
An LLE provides business owners with...
Loan Authorization and Agreement (LA&A)
A contract between SBA and the borrower that...
Depreciation
A non-cash operating expense that...
Guarantor
The legal entity and...
Liabilities
A financial obligation...
Affiliates
Business concerns, organizations, or...
Principal
the owner(s) of the Applicant Entity that...
Hardship Waiver
Method used to approve a...
Collateral
Assets pledged by a borrower to secure a loan...
Injury Period
The time period during...
SAE (Stand Alone Economic Injury Disaster Loan)
provide necessary working capital to...
Current Assets
A balance sheet item which equals...
Duplicated Interest
The amount of interest exp...

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