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.
Loan Authorization and Agreement (LA&A)
A contract between SBA and the borrower that...
Federal Acquisition Regulation (FAR)
The body of regulations which is...
Equity
An accounting term used to...
Companion File
When an applicant has another application filed...
Days Payable
A measure of the average time a...
Substantial Damage
This means uninsured or otherwise uncompensated...
Joint Venture
In the SBA Mentor-Protégé Program...
Economic Injury Disaster Loan (EIDL)
a working capital loan that...
Cash Flow Test
Part of the CET that determines if...
Extraordinary Items
Additional expenses that are...
Limited Partnership
A business organization with one or...
P&L (Profit and Loss Statement)
also considered as Income Statement or...
Primary Activity
The major business activity of...
S-Corporation
A form of corporation, allowed by...
Acquisition
The acquiring of supplies or...

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