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.
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SBA Glossary

Common SBA Terms

Everything you need to know about common terms used to discuss SBA Loans.
Assets
The amount of current assets that is left...
Lien
A legal claim against an...
Accrual Basis Accounting
recognizes revenues when earned and expenses are...
Substantial Damage
This means uninsured or otherwise uncompensated...
Best and Final Offer
For negotiated procurements...
Adjusted Net Worth
Post disaster fair market value of tangible...
Emerging Small Business
A small business concern whose...
Contract
A mutually binding legal rel..
Principal
the owner(s) of the Applicant Entity that...
Acquisition
The acquiring of supplies or...
Subsidiary
A company for which a majority of the...
Schedule of Liabilities
A business debt schedule that lists all of the debts...
Mentor
A business, usually large, or...
B/E (Business EIDL) Loan
A business loan that...
Small Business Innovative Research (SBIR) Contract
A type of contract designed to...

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