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.
NAICS
NAICS codes are common...
Credit Elsewhere Test (CET)
The test to determine the...
Capital Leases
are for the purchase of fixed assets such as...
Contracting
Purchasing, renting, leasing, or...
Duplicated Interest
The amount of interest exp...
Certified 8(a) Firm
A firm owned and operated by socially and...
Electronic Data Interchange
Transmission of information bet...
Current Assets
A balance sheet item which equals...
Cash Flow Test
Part of the CET that determines if...
Collateral
Assets pledged by a borrower to secure a loan...
Partnering
A mutually beneficial business-to-bus...
Depreciation
A non-cash operating expense that...
Corporation (C-corp.)
The most common form of business org...
Contract
A mutually binding legal rel..
Limited Liability Entities (company/partnership)
An LLE provides business owners with...

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