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...
Companion File
When an applicant has another application filed...
Certified 8(a) Firm
A firm owned and operated by socially and...
Collateral
Assets pledged by a borrower to secure a loan...
Emerging Small Business
A small business concern whose...
Fair and Reasonable Price
A price that is fair to both parties...
Small Disadvantaged Business Concern
A small business concern that...
Days Receivable
A measure of the average time a...
NAICS
NAICS codes are common...
Limited Liability Entities (company/partnership)
An LLE provides business owners with...
Cash Available to Service Additional Debt (CASAD)
The cash flow determined that...
Physical Loans
Funds to repair/replace dis...
Amortization
A non-cash operating expense that...
P&L (Profit and Loss Statement)
also considered as Income Statement or...
Capital Leases
are for the purchase of fixed assets such as...

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