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.
Certificate of Competency
A certificate issued by the Small Bus...
Equity
An accounting term used to...
Standard Industrial Classification (SIC) Code
A code representing a category within...
Capital Leases
are for the purchase of fixed assets such as...
Request for Proposal (RFP)
A document outlining a...
Affiliate
Business concerns are affiliates if one concern...
Partnership
A type of unincorporated business org...
Defense Contractor
Any person who enters into...
Phase 1
Process used to determine the...
Duplicated Interest
The amount of interest exp...
S-Corporation
A form of corporation, allowed by...
Loan Authorization and Agreement (LA&A)
A contract between SBA and the borrower that...
Schedule of Liabilities
A business debt schedule that lists all of the debts...
Intermediary Organization
Organizations that play a funda...
Limited Partnership
A business organization with one or...

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SBA Loan Types
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