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.
Business Activity
The business (or loss) activity of...
Schedule of Liabilities
A business debt schedule that lists all of the debts...
Joint Venture
In the SBA Mentor-Protégé Program...
Applicant/Co-Applicant
Business entity and person requesting...
Current Assets
A balance sheet item which equals...
Injury Period
The time period during...
Lien
A legal claim against an...
Acquisition
The acquiring of supplies or...
Corporation (C-corp.)
The most common form of business org...
Emerging Small Business
A small business concern whose...
Amortization
A non-cash operating expense that...
Operating Leases
are deducted on the company’s...
Substantial Damage
This means uninsured or otherwise uncompensated...
Standard Industrial Classification (SIC) Code
A code representing a category within...
Hardship Waiver
Method used to approve a...

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