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
Apply Here

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.
S-Corporation
A form of corporation, allowed by...
Contract
A mutually binding legal rel..
Extraordinary Items
Additional expenses that are...
Limited Liability Entities (company/partnership)
An LLE provides business owners with...
Business Activity
The business (or loss) activity of...
Working Capital (WC)
The amount of current assets that...
Current Assets
A balance sheet item which equals...
Equity
An accounting term used to...
Certificate of Competency
A certificate issued by the Small Bus...
Duplicated Interest
The amount of interest exp...
Hardship Waiver
Method used to approve a...
Schedule of Liabilities
A business debt schedule that lists all of the debts...
Applicant Entity
The business entity requesting...
Normal Annual Sales
Those sales that would have...
Primary Activity
The major business activity of...

Get the quick rundown on SBA Loans

Join over 4,000+ small business owners already growing with us.
How it Works
contact@sbaloans.orgPrivacyToS
SBA Loan Types
SBA 7a LoansSBA 504 LoansDisaster LoansMicroloans
SBA 7a Loan Types
SBA Express LoansStandard 7a Loans7a Small LoansExport Express Loans
SBA Loan Purposes
Buy a new business->Buy real estate->Refinance debt->Refi real estate->
SBA EDU
SBA FAQsSBA GlossaryAbout 7a LoansAbout 504 Loans
Get Started
SBA Loan App ->
SBA Loan RatesSBA Disaster AssistanceAbout Us
Copyright © 2022 Mainstreet Financial LLC
Secured with bank-level SSL
Built on Mainstreet
Powered by SBALoans.org