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.
B/E (Business EIDL) Loan
A business loan that...
Defense Acquisition Regulatory Council (DARC)
A group composed of rep...
Contracting
Purchasing, renting, leasing, or...
Subsidiary
A company for which a majority of the...
Adjusted Net Worth
Post disaster fair market value of tangible...
Sole Proprietor
an individual who...
Days Payable
A measure of the average time a...
Phase 2
Process to be used to determine economic injury for...
Applicant/Co-Applicant
Business entity and person requesting...
Certificate of Competency
A certificate issued by the Small Bus...
Collateral
Assets pledged by a borrower to secure a loan...
Cash-basis Accounting
records revenue when cash is...
Physical Loans
Funds to repair/replace dis...
Working Capital (WC)
The amount of current assets that...
Partnering
A mutually beneficial business-to-bus...

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