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.
Economic Injury Disaster Loan (EIDL)
a working capital loan that...
Request for Proposal (RFP)
A document outlining a...
Defense Acquisition Regulatory Council (DARC)
A group composed of rep...
Affiliated Group
When two or more...
Schedule of Liabilities
A business debt schedule that lists all of the debts...
B/E (Business EIDL) Loan
A business loan that...
NAICS
NAICS codes are common...
DBA
ex. Blocker & Sons LLC, doing business as Bob's Burgers
Coastal Barrier Resource Area (COBRA)
A flood prone area in which...
Physical Loans
Funds to repair/replace dis...
Certified 8(a) Firm
A firm owned and operated by socially and...
Companion File
When an applicant has another application filed...
Credit Elsewhere Test (CET)
The test to determine the...
Phase 2
Process to be used to determine economic injury for...
Injury Period
The time period during...

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