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.
Explore 7a loans

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.
Explore microloans
SBA Glossary

Common SBA Terms

Everything you need to know about common terms used to discuss SBA Loans.
Applicant Individual
aka who is requesting an SBA loan...
Fair and Reasonable Price
A price that is fair to both parties...
Equity
An accounting term used to...
Days Payable
A measure of the average time a...
Request for Proposal (RFP)
A document outlining a...
Emerging Small Business
A small business concern whose...
Phase 2
Process to be used to determine economic injury for...
Phase 1
Process used to determine the...
Hardship Waiver
Method used to approve a...
B/E (Business EIDL) Loan
A business loan that...
Coastal Barrier Resource Area (COBRA)
A flood prone area in which...
Credit Elsewhere Test (CET)
The test to determine the...
Liabilities
A financial obligation...
Capital Leases
are for the purchase of fixed assets such as...
Defense Contractor
Any person who enters into...

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