Glossary
SBA Terms

Balance Sheet or Statement of Financial Position

Reports an entity’s Assets, Liabilities and Equity (net worth) at a specific time. Assets = Liabilities + Equity.

Updated on
September 8, 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.
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SBA 504 Loans

SBA 504 loans are very popular for long-term, fixed rate financing of up to $5 million for major fixed assets.
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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.
Current Assets
A balance sheet item which equals...
Best and Final Offer
For negotiated procurements...
Injury Analysis
Measures the effects of...
Limited Partnership
A business organization with one or...
Amortization
A non-cash operating expense that...
Subsidiary
A company for which a majority of the...
Break-even Analysis
A calculation of the approximate sales...
Credit Score Test
Part of the home loan CET show a...
Comparative Analysis
Is designed to point out significant trends that...
Credit Elsewhere Test (CET)
The test to determine the...
Extraordinary Items
Additional expenses that are...
Adjusted Net Worth
Post disaster fair market value of tangible...
Trend Analysis
A comparative analysis of...
Normal Gross Margin
The margin that would have been...
Schedule of Liabilities
A business debt schedule that lists all of the debts...

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