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.
Electronic Data Interchange
Transmission of information bet...
Normal Annual Sales
Those sales that would have...
Credit Elsewhere Test (CET)
The test to determine the...
Cash Flow Test
Part of the CET that determines if...
Fair and Reasonable Price
A price that is fair to both parties...
P&L (Profit and Loss Statement)
also considered as Income Statement or...
Negotiation
Contracting through the use of...
Request for Proposal (RFP)
A document outlining a...
Partnership
A type of unincorporated business org...
Limited Partnership
A business organization with one or...
NAICS
NAICS codes are common...
Affiliated Group
When two or more...
SAE (Stand Alone Economic Injury Disaster Loan)
provide necessary working capital to...
Balance Sheet or Statement of Financial Position
Assets = Liabilities + Equity...
Income Statement
Shows the entity’s income and...

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