Glossary
SBA Terms

S-Corporation

A form of corporation, allowed by the IRS for most companies with 35 or fewer shareholders, which enables the company to enjoy the benefits of incorporation but be taxed as if it were a partnership.

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.
Income Statement
Shows the entity’s income and...
Contract
A mutually binding legal rel..
Lien
A legal claim against an...
Current Assets
A balance sheet item which equals...
Capital Leases
are for the purchase of fixed assets such as...
Joint Venture
In the SBA Mentor-Protégé Program...
Adjusted Net Worth
Post disaster fair market value of tangible...
Small Business Development Centers (SBDC)
SBDCs offer a broad spec...
Standard Industrial Classification (SIC) Code
A code representing a category within...
Best and Final Offer
For negotiated procurements...
Business Activity
The business (or loss) activity of...
Loan Authorization and Agreement (LA&A)
A contract between SBA and the borrower that...
Protégé
A firm in a developmental stage that...
Extraordinary Items
Additional expenses that are...
Negotiation
Contracting through the use of...

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