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.
Hardship Waiver
Method used to approve a...
Contractor Team Arrangement
An arrangement in which...
Fair and Reasonable Price
A price that is fair to both parties...
Prime Contract
A contract awarded directly...
Small Business Development Centers (SBDC)
SBDCs offer a broad spec...
Business Activity
The business (or loss) activity of...
GPM%
The measure of every sales dollar left...
Current Assets
A balance sheet item which equals...
Principal
the owner(s) of the Applicant Entity that...
Phase 1
Process used to determine the...
Contract
A mutually binding legal rel..
Affiliated Group
When two or more...
Cash Available to Service Additional Debt (CASAD)
The cash flow determined that...
Break-even Analysis
A calculation of the approximate sales...
Emerging Small Business
A small business concern whose...

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