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.
S-Corporation
A form of corporation, allowed by...
Applicant/Co-Applicant
Business entity and person requesting...
Normal Gross Margin
The margin that would have been...
Phase 2
Process to be used to determine economic injury for...
Lien
A legal claim against an...
Contracting
Purchasing, renting, leasing, or...
Small Business Innovative Research (SBIR) Contract
A type of contract designed to...
Applicant Individual
aka who is requesting an SBA loan...
Primary Activity
The major business activity of...
Emerging Small Business
A small business concern whose...
Contracting Officer
A person with the authority to...
Break-even Analysis
A calculation of the approximate sales...
Injury Period
The time period during...
Schedule of Liabilities
A business debt schedule that lists all of the debts...
Collateral
Assets pledged by a borrower to secure a loan...

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