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.
Certified 8(a) Firm
A firm owned and operated by socially and...
Physical Loans
Funds to repair/replace dis...
Emerging Small Business
A small business concern whose...
Normal Annual Sales
Those sales that would have...
Capital Leases
are for the purchase of fixed assets such as...
Equity
An accounting term used to...
SCORE
Counselors to America's Small Bus...
Balance Sheet or Statement of Financial Position
Assets = Liabilities + Equity...
Applicant Entity
The business entity requesting...
Cash-basis Accounting
records revenue when cash is...
Credit Elsewhere Test (CET)
The test to determine the...
Principal
the owner(s) of the Applicant Entity that...
Subcontract
A contract between a prime cont...
Limited Partnership
A business organization with one or...
Certificate of Competency
A certificate issued by the Small Bus...

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