Glossary
SBA Terms

Small Business

A business smaller than a given size as measured by its employment, business receipts, or business assets.

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.
Business Activity
The business (or loss) activity of...
Limited Partnership
A business organization with one or...
Joint Venture
In the SBA Mentor-Protégé Program...
Hardship Waiver
Method used to approve a...
Credit Score Test
Part of the home loan CET show a...
Physical Loans
Funds to repair/replace dis...
Affiliated Group
When two or more...
Normal Gross Margin
The margin that would have been...
Small Business
A business smaller than...
Normal Annual Sales
Those sales that would have...
Balance Sheet or Statement of Financial Position
Assets = Liabilities + Equity...
Electronic Data Interchange
Transmission of information bet...
Applicant/Co-Applicant
Business entity and person requesting...
Accrual Basis Accounting
recognizes revenues when earned and expenses are...
Primary Activity
The major business activity of...

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