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.
Comparative Analysis
Is designed to point out significant trends that...
Income Statement
Shows the entity’s income and...
Hardship Waiver
Method used to approve a...
Guarantor
The legal entity and...
Small Business
A business smaller than...
Adjusted Net Worth
Post disaster fair market value of tangible...
Sole Proprietor
an individual who...
Cash Flow Test
Part of the CET that determines if...
Contract
A mutually binding legal rel..
Physical Loans
Funds to repair/replace dis...
Current Assets
A balance sheet item which equals...
Protégé
A firm in a developmental stage that...
Applicant/Co-Applicant
Business entity and person requesting...
Accrual Basis Accounting
recognizes revenues when earned and expenses are...
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