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.
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.
Normal Gross Margin
The margin that would have been...
Federal Acquisition Regulation (FAR)
The body of regulations which is...
Credit Score Test
Part of the home loan CET show a...
Request for Proposal (RFP)
A document outlining a...
Electronic Data Interchange
Transmission of information bet...
Income Statement
Shows the entity’s income and...
Subcontract
A contract between a prime cont...
Contract
A mutually binding legal rel..
Prime Contract
A contract awarded directly...
Substantial Damage
This means uninsured or otherwise uncompensated...
Partnering
A mutually beneficial business-to-bus...
Standard Industrial Classification (SIC) Code
A code representing a category within...
S-Corporation
A form of corporation, allowed by...
Intermediary Organization
Organizations that play a funda...
Best and Final Offer
For negotiated procurements...

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