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.
Contractor Team Arrangement
An arrangement in which...
Days Payable
A measure of the average time a...
Applicant Entity
The business entity requesting...
Projection
An estimate of future economic or...
Operating Leases
are deducted on the company’s...
Available Asset Test
Part of the CET that determines if an applicant(s) has...
Adjusted Net Worth
Post disaster fair market value of tangible...
Certified 8(a) Firm
A firm owned and operated by socially and...
S-Corporation
A form of corporation, allowed by...
Federal Acquisition Regulation (FAR)
The body of regulations which is...
Protégé
A firm in a developmental stage that...
Balance Sheet or Statement of Financial Position
Assets = Liabilities + Equity...
Full and Open Competition
With respect to a contract action...
Applicant Individual
aka who is requesting an SBA loan...
Subcontract
A contract between a prime cont...

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