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.
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.
B/E (Business EIDL) Loan
A business loan that...
Projection
An estimate of future economic or...
Extraordinary Items
Additional expenses that are...
P&L (Profit and Loss Statement)
also considered as Income Statement or...
SCORE
Counselors to America's Small Bus...
Contract
A mutually binding legal rel..
Emerging Small Business
A small business concern whose...
Days Receivable
A measure of the average time a...
Credit Elsewhere Test (CET)
The test to determine the...
Phase 1
Process used to determine the...
Protégé
A firm in a developmental stage that...
Accrual Basis Accounting
recognizes revenues when earned and expenses are...
Injury Analysis
Measures the effects of...
Affiliates
Business concerns, organizations, or...
Acquisition
The acquiring of supplies or...

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