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.
P&L (Profit and Loss Statement)
also considered as Income Statement or...
Prime Contract
A contract awarded directly...
DBA
ex. Blocker & Sons LLC, doing business as Bob's Burgers
Adjusted Net Worth
Post disaster fair market value of tangible...
Fair and Reasonable Price
A price that is fair to both parties...
Affiliated Group
When two or more...
Projection
An estimate of future economic or...
Primary Activity
The major business activity of...
Phase 2
Process to be used to determine economic injury for...
Cash Available to Service Additional Debt (CASAD)
The cash flow determined that...
Working Capital (WC)
The amount of current assets that...
Emerging Small Business
A small business concern whose...
Cash-basis Accounting
records revenue when cash is...
B/E (Business EIDL) Loan
A business loan that...
Assets
The amount of current assets that is left...

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