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...
Defense Acquisition Regulatory Council (DARC)
A group composed of rep...
Fair and Reasonable Price
A price that is fair to both parties...
Schedule of Liabilities
A business debt schedule that lists all of the debts...
Loan Authorization and Agreement (LA&A)
A contract between SBA and the borrower that...
Applicant Individual
aka who is requesting an SBA loan...
Applicant Entity
The business entity requesting...
Principal
the owner(s) of the Applicant Entity that...
Small Business
A business smaller than...
Small Business Innovative Research (SBIR) Contract
A type of contract designed to...
Collateral
Assets pledged by a borrower to secure a loan...
S-Corporation
A form of corporation, allowed by...
Partnership
A type of unincorporated business org...
GPM%
The measure of every sales dollar left...
Certificate of Competency
A certificate issued by the Small Bus...

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