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.
Acquisition
The acquiring of supplies or...
S-Corporation
A form of corporation, allowed by...
Injury Analysis
Measures the effects of...
Substantial Damage
This means uninsured or otherwise uncompensated...
Small Disadvantaged Business Concern
A small business concern that...
Contractor Team Arrangement
An arrangement in which...
Injury Period
The time period during...
Amortization
A non-cash operating expense that...
Primary Activity
The major business activity of...
Accrual Basis Accounting
recognizes revenues when earned and expenses are...
Affiliated Group
When two or more...
Credit Elsewhere Test (CET)
The test to determine the...
Protégé
A firm in a developmental stage that...
Applicant/Co-Applicant
Business entity and person requesting...
Depreciation
A non-cash operating expense that...

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