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...
Small Business Development Centers (SBDC)
SBDCs offer a broad spec...
Schedule of Liabilities
A business debt schedule that lists all of the debts...
Liabilities
A financial obligation...
Companion File
When an applicant has another application filed...
Physical Loans
Funds to repair/replace dis...
Mentor
A business, usually large, or...
Available Asset Test
Part of the CET that determines if an applicant(s) has...
B/E (Business EIDL) Loan
A business loan that...
SAE (Stand Alone Economic Injury Disaster Loan)
provide necessary working capital to...
SCORE
Counselors to America's Small Bus...
Working Capital (WC)
The amount of current assets that...
DBA
ex. Blocker & Sons LLC, doing business as Bob's Burgers
Subsidiary
A company for which a majority of the...
Loan Authorization and Agreement (LA&A)
A contract between SBA and the borrower that...

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