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.
Small Business Development Centers (SBDC)
SBDCs offer a broad spec...
Applicant/Co-Applicant
Business entity and person requesting...
GPM%
The measure of every sales dollar left...
Equity
An accounting term used to...
Extraordinary Items
Additional expenses that are...
Companion File
When an applicant has another application filed...
Small Business
A business smaller than...
Trend Analysis
A comparative analysis of...
Affiliate
Business concerns are affiliates if one concern...
Principal
the owner(s) of the Applicant Entity that...
Hardship Waiver
Method used to approve a...
Intermediary Organization
Organizations that play a funda...
Contract
A mutually binding legal rel..
Certificate of Competency
A certificate issued by the Small Bus...
Liabilities
A financial obligation...

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