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.
Liabilities
A financial obligation...
Economic Injury Disaster Loan (EIDL)
a working capital loan that...
Federal Acquisition Regulation (FAR)
The body of regulations which is...
Available Asset Test
Part of the CET that determines if an applicant(s) has...
Sole Proprietor
an individual who...
Phase 2
Process to be used to determine economic injury for...
Income Statement
Shows the entity’s income and...
Current Assets
A balance sheet item which equals...
Prime Contract
A contract awarded directly...
Capital Leases
are for the purchase of fixed assets such as...
Business Activity
The business (or loss) activity of...
Fair and Reasonable Price
A price that is fair to both parties...
Loan Authorization and Agreement (LA&A)
A contract between SBA and the borrower that...
Small Business Development Centers (SBDC)
SBDCs offer a broad spec...
SCORE
Counselors to America's Small Bus...

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