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.
Duplicated Interest
The amount of interest exp...
Subsidiary
A company for which a majority of the...
Projection
An estimate of future economic or...
Assets
The amount of current assets that is left...
Current Liabilities
A balance sheet item, which...
Applicant/Co-Applicant
Business entity and person requesting...
Capital Leases
are for the purchase of fixed assets such as...
Income Statement
Shows the entity’s income and...
Phase 1
Process used to determine the...
Intermediary Organization
Organizations that play a funda...
NAICS
NAICS codes are common...
Request for Proposal (RFP)
A document outlining a...
P&L (Profit and Loss Statement)
also considered as Income Statement or...
Standard Industrial Classification (SIC) Code
A code representing a category within...
DBA
ex. Blocker & Sons LLC, doing business as Bob's Burgers

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