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.
Schedule of Liabilities
A business debt schedule that lists all of the debts...
Applicant/Co-Applicant
Business entity and person requesting...
Current Liabilities
A balance sheet item, which...
Affiliates
Business concerns, organizations, or...
S-Corporation
A form of corporation, allowed by...
Coastal Barrier Resource Area (COBRA)
A flood prone area in which...
Collateral
Assets pledged by a borrower to secure a loan...
Applicant Entity
The business entity requesting...
Subsidiary
A company for which a majority of the...
Certificate of Competency
A certificate issued by the Small Bus...
Limited Liability Entities (company/partnership)
An LLE provides business owners with...
Certified 8(a) Firm
A firm owned and operated by socially and...
Duplicated Interest
The amount of interest exp...
Companion File
When an applicant has another application filed...
Contractor Team Arrangement
An arrangement in which...

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