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.
Partnership
A type of unincorporated business org...
Injury Analysis
Measures the effects of...
Operating Leases
are deducted on the company’s...
Credit Elsewhere Test (CET)
The test to determine the...
Acquisition
The acquiring of supplies or...
Contract
A mutually binding legal rel..
Trend Analysis
A comparative analysis of...
Schedule of Liabilities
A business debt schedule that lists all of the debts...
Protégé
A firm in a developmental stage that...
Mentor
A business, usually large, or...
Cash Flow Test
Part of the CET that determines if...
Projection
An estimate of future economic or...
Normal Annual Sales
Those sales that would have...
Request for Proposal (RFP)
A document outlining a...
Economic Injury Disaster Loan (EIDL)
a working capital loan that...

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