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.
Protégé
A firm in a developmental stage that...
Equity
An accounting term used to...
Best and Final Offer
For negotiated procurements...
Prime Contract
A contract awarded directly...
Normal Annual Sales
Those sales that would have...
Limited Partnership
A business organization with one or...
S-Corporation
A form of corporation, allowed by...
Guarantor
The legal entity and...
Working Capital (WC)
The amount of current assets that...
Primary Activity
The major business activity of...
Current Liabilities
A balance sheet item, which...
Balance Sheet or Statement of Financial Position
Assets = Liabilities + Equity...
Small Business
A business smaller than...
Standard Industrial Classification (SIC) Code
A code representing a category within...
Hardship Waiver
Method used to approve a...

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