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.
Depreciation
A non-cash operating expense that...
Limited Liability Entities (company/partnership)
An LLE provides business owners with...
Assets
The amount of current assets that is left...
Duplicated Interest
The amount of interest exp...
Standard Industrial Classification (SIC) Code
A code representing a category within...
Contracting Officer
A person with the authority to...
Prime Contract
A contract awarded directly...
Extraordinary Items
Additional expenses that are...
Amortization
A non-cash operating expense that...
Break-even Analysis
A calculation of the approximate sales...
Companion File
When an applicant has another application filed...
Capital Leases
are for the purchase of fixed assets such as...
Request for Proposal (RFP)
A document outlining a...
Cash Flow Test
Part of the CET that determines if...
Available Asset Test
Part of the CET that determines if an applicant(s) has...

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