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.
Subsidiary
A company for which a majority of the...
Break-even Analysis
A calculation of the approximate sales...
Electronic Data Interchange
Transmission of information bet...
NAICS
NAICS codes are common...
Applicant/Co-Applicant
Business entity and person requesting...
Depreciation
A non-cash operating expense that...
Comparative Analysis
Is designed to point out significant trends that...
Small Business Innovative Research (SBIR) Contract
A type of contract designed to...
Principal
the owner(s) of the Applicant Entity that...
Loan Authorization and Agreement (LA&A)
A contract between SBA and the borrower that...
Sole Proprietor
an individual who...
Operating Leases
are deducted on the company’s...
Small Disadvantaged Business Concern
A small business concern that...
Collateral
Assets pledged by a borrower to secure a loan...
Partnering
A mutually beneficial business-to-bus...

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