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.
Defense Contractor
Any person who enters into...
Assets
The amount of current assets that is left...
Prime Contract
A contract awarded directly...
Guarantor
The legal entity and...
Injury Analysis
Measures the effects of...
S-Corporation
A form of corporation, allowed by...
Economic Injury Disaster Loan (EIDL)
a working capital loan that...
Normal Annual Sales
Those sales that would have...
Certificate of Competency
A certificate issued by the Small Bus...
Current Assets
A balance sheet item which equals...
Primary Activity
The major business activity of...
Days Receivable
A measure of the average time a...
Extraordinary Items
Additional expenses that are...
Hardship Waiver
Method used to approve a...
Injury Period
The time period during...

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