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.
Explore 504 loans

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.
Loan Authorization and Agreement (LA&A)
A contract between SBA and the borrower that...
Applicant/Co-Applicant
Business entity and person requesting...
Sole Proprietor
an individual who...
Negotiation
Contracting through the use of...
B/E (Business EIDL) Loan
A business loan that...
Certificate of Competency
A certificate issued by the Small Bus...
DBA
ex. Blocker & Sons LLC, doing business as Bob's Burgers
Assets
The amount of current assets that is left...
Current Liabilities
A balance sheet item, which...
Injury Period
The time period during...
Federal Acquisition Regulation (FAR)
The body of regulations which is...
Cash-basis Accounting
records revenue when cash is...
Mentor
A business, usually large, or...
Limited Partnership
A business organization with one or...
Companion File
When an applicant has another application filed...

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