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.
Explore 504 loans

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.
SCORE
Counselors to America's Small Bus...
Applicant Entity
The business entity requesting...
Fair and Reasonable Price
A price that is fair to both parties...
Available Asset Test
Part of the CET that determines if an applicant(s) has...
DBA
ex. Blocker & Sons LLC, doing business as Bob's Burgers
Amortization
A non-cash operating expense that...
Injury Period
The time period during...
Contracting
Purchasing, renting, leasing, or...
Normal Gross Margin
The margin that would have been...
Mentor
A business, usually large, or...
Days Receivable
A measure of the average time a...
Acquisition
The acquiring of supplies or...
Full and Open Competition
With respect to a contract action...
Business Activity
The business (or loss) activity of...
Partnering
A mutually beneficial business-to-bus...

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