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.
Explore microloans
SBA Glossary

Common SBA Terms

Everything you need to know about common terms used to discuss SBA Loans.
S-Corporation
A form of corporation, allowed by...
Duplicated Interest
The amount of interest exp...
Principal
the owner(s) of the Applicant Entity that...
Normal Gross Margin
The margin that would have been...
Days Payable
A measure of the average time a...
Partnering
A mutually beneficial business-to-bus...
Injury Analysis
Measures the effects of...
Break-even Analysis
A calculation of the approximate sales...
Partnership
A type of unincorporated business org...
Mentor
A business, usually large, or...
Substantial Damage
This means uninsured or otherwise uncompensated...
Loan Authorization and Agreement (LA&A)
A contract between SBA and the borrower that...
Request for Proposal (RFP)
A document outlining a...
Extraordinary Items
Additional expenses that are...
Subsidiary
A company for which a majority of the...

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