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.
Applicant Entity
The business entity requesting...
Contract
A mutually binding legal rel..
Primary Activity
The major business activity of...
Substantial Damage
This means uninsured or otherwise uncompensated...
Schedule of Liabilities
A business debt schedule that lists all of the debts...
Emerging Small Business
A small business concern whose...
Limited Partnership
A business organization with one or...
Certified 8(a) Firm
A firm owned and operated by socially and...
Cash Available to Service Additional Debt (CASAD)
The cash flow determined that...
Loan Authorization and Agreement (LA&A)
A contract between SBA and the borrower that...
Protégé
A firm in a developmental stage that...
Assets
The amount of current assets that is left...
Full and Open Competition
With respect to a contract action...
Joint Venture
In the SBA Mentor-Protégé Program...
Break-even Analysis
A calculation of the approximate sales...

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