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.
Small Business
A business smaller than...
Guarantor
The legal entity and...
Small Disadvantaged Business Concern
A small business concern that...
Applicant Entity
The business entity requesting...
Subsidiary
A company for which a majority of the...
Credit Elsewhere Test (CET)
The test to determine the...
Normal Gross Margin
The margin that would have been...
Contract
A mutually binding legal rel..
Acquisition
The acquiring of supplies or...
Small Business Innovative Research (SBIR) Contract
A type of contract designed to...
Defense Contractor
Any person who enters into...
Collateral
Assets pledged by a borrower to secure a loan...
Balance Sheet or Statement of Financial Position
Assets = Liabilities + Equity...
Defense Acquisition Regulatory Council (DARC)
A group composed of rep...
Assets
The amount of current assets that is left...

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