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.
B/E (Business EIDL) Loan
A business loan that...
Business Activity
The business (or loss) activity of...
Companion File
When an applicant has another application filed...
Capital Leases
are for the purchase of fixed assets such as...
Substantial Damage
This means uninsured or otherwise uncompensated...
Certified 8(a) Firm
A firm owned and operated by socially and...
Acquisition
The acquiring of supplies or...
Prime Contract
A contract awarded directly...
Break-even Analysis
A calculation of the approximate sales...
Operating Leases
are deducted on the company’s...
Injury Analysis
Measures the effects of...
Affiliated Group
When two or more...
DBA
ex. Blocker & Sons LLC, doing business as Bob's Burgers
Credit Elsewhere Test (CET)
The test to determine the...
Adjusted Net Worth
Post disaster fair market value of tangible...

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