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.
Explore microloans
SBA Glossary

Common SBA Terms

Everything you need to know about common terms used to discuss SBA Loans.
Substantial Damage
This means uninsured or otherwise uncompensated...
Electronic Data Interchange
Transmission of information bet...
NAICS
NAICS codes are common...
Acquisition
The acquiring of supplies or...
Applicant Individual
aka who is requesting an SBA loan...
Extraordinary Items
Additional expenses that are...
Protégé
A firm in a developmental stage that...
Mentor
A business, usually large, or...
Injury Period
The time period during...
Primary Activity
The major business activity of...
Applicant Entity
The business entity requesting...
Negotiation
Contracting through the use of...
Available Asset Test
Part of the CET that determines if an applicant(s) has...
Depreciation
A non-cash operating expense that...
Contract
A mutually binding legal rel..

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