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.
Electronic Data Interchange
Transmission of information bet...
Subsidiary
A company for which a majority of the...
Income Statement
Shows the entity’s income and...
Standard Industrial Classification (SIC) Code
A code representing a category within...
Credit Elsewhere Test (CET)
The test to determine the...
Intermediary Organization
Organizations that play a funda...
Cash Flow Test
Part of the CET that determines if...
Loan Authorization and Agreement (LA&A)
A contract between SBA and the borrower that...
Substantial Damage
This means uninsured or otherwise uncompensated...
Applicant/Co-Applicant
Business entity and person requesting...
Assets
The amount of current assets that is left...
Partnering
A mutually beneficial business-to-bus...
Depreciation
A non-cash operating expense that...
Affiliated Group
When two or more...
Sole Proprietor
an individual who...

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