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.
Limited Partnership
A business organization with one or...
Affiliated Group
When two or more...
SCORE
Counselors to America's Small Bus...
Accrual Basis Accounting
recognizes revenues when earned and expenses are...
NAICS
NAICS codes are common...
Projection
An estimate of future economic or...
Balance Sheet or Statement of Financial Position
Assets = Liabilities + Equity...
Loan Authorization and Agreement (LA&A)
A contract between SBA and the borrower that...
Operating Leases
are deducted on the company’s...
Defense Contractor
Any person who enters into...
Joint Venture
In the SBA Mentor-Protégé Program...
Economic Injury Disaster Loan (EIDL)
a working capital loan that...
Request for Proposal (RFP)
A document outlining a...
Collateral
Assets pledged by a borrower to secure a loan...
Coastal Barrier Resource Area (COBRA)
A flood prone area in which...

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