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.
Loan Authorization and Agreement (LA&A)
A contract between SBA and the borrower that...
Operating Leases
are deducted on the company’s...
Assets
The amount of current assets that is left...
Phase 2
Process to be used to determine economic injury for...
DBA
ex. Blocker & Sons LLC, doing business as Bob's Burgers
Business Activity
The business (or loss) activity of...
Companion File
When an applicant has another application filed...
Small Business Innovative Research (SBIR) Contract
A type of contract designed to...
Duplicated Interest
The amount of interest exp...
Small Disadvantaged Business Concern
A small business concern that...
Days Payable
A measure of the average time a...
Balance Sheet or Statement of Financial Position
Assets = Liabilities + Equity...
Subsidiary
A company for which a majority of the...
Current Assets
A balance sheet item which equals...
Hardship Waiver
Method used to approve a...

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