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.
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SBA Glossary

Common SBA Terms

Everything you need to know about common terms used to discuss SBA Loans.
Fair and Reasonable Price
A price that is fair to both parties...
Corporation (C-corp.)
The most common form of business org...
Contractor Team Arrangement
An arrangement in which...
Small Business
A business smaller than...
Lien
A legal claim against an...
SCORE
Counselors to America's Small Bus...
Substantial Damage
This means uninsured or otherwise uncompensated...
Cash Available to Service Additional Debt (CASAD)
The cash flow determined that...
Loan Authorization and Agreement (LA&A)
A contract between SBA and the borrower that...
Full and Open Competition
With respect to a contract action...
Contracting Officer
A person with the authority to...
Balance Sheet or Statement of Financial Position
Assets = Liabilities + Equity...
Injury Analysis
Measures the effects of...
Equity
An accounting term used to...
Credit Elsewhere Test (CET)
The test to determine the...

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