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.
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.
Credit Score Test
Part of the home loan CET show a...
Acquisition
The acquiring of supplies or...
Available Asset Test
Part of the CET that determines if an applicant(s) has...
Small Disadvantaged Business Concern
A small business concern that...
Business Activity
The business (or loss) activity of...
Applicant Entity
The business entity requesting...
Accrual Basis Accounting
recognizes revenues when earned and expenses are...
Protégé
A firm in a developmental stage that...
Federal Acquisition Regulation (FAR)
The body of regulations which is...
Credit Elsewhere Test (CET)
The test to determine the...
Trend Analysis
A comparative analysis of...
Intermediary Organization
Organizations that play a funda...
Hardship Waiver
Method used to approve a...
Limited Liability Entities (company/partnership)
An LLE provides business owners with...
Fair and Reasonable Price
A price that is fair to both parties...

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