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...
Projection
An estimate of future economic or...
Federal Acquisition Regulation (FAR)
The body of regulations which is...
Contract
A mutually binding legal rel..
Credit Elsewhere Test (CET)
The test to determine the...
Injury Analysis
Measures the effects of...
Collateral
Assets pledged by a borrower to secure a loan...
Income Statement
Shows the entity’s income and...
SCORE
Counselors to America's Small Bus...
Substantial Damage
This means uninsured or otherwise uncompensated...
Cash Flow Test
Part of the CET that determines if...
Capital Leases
are for the purchase of fixed assets such as...
Prime Contract
A contract awarded directly...
DBA
ex. Blocker & Sons LLC, doing business as Bob's Burgers
Primary Activity
The major business activity of...

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