Glossary
SBA Terms

Small Business Development Centers (SBDC)

SBDCs offer a broad spectrum of business information and guidance as well as assistance in preparing loan applications.

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.
Applicant/Co-Applicant
Business entity and person requesting...
SAE (Stand Alone Economic Injury Disaster Loan)
provide necessary working capital to...
Sole Proprietor
an individual who...
Projection
An estimate of future economic or...
P&L (Profit and Loss Statement)
also considered as Income Statement or...
Defense Acquisition Regulatory Council (DARC)
A group composed of rep...
Hardship Waiver
Method used to approve a...
Certificate of Competency
A certificate issued by the Small Bus...
Capital Leases
are for the purchase of fixed assets such as...
B/E (Business EIDL) Loan
A business loan that...
Standard Industrial Classification (SIC) Code
A code representing a category within...
Contracting
Purchasing, renting, leasing, or...
Extraordinary Items
Additional expenses that are...
Trend Analysis
A comparative analysis of...
Days Receivable
A measure of the average time a...

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