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.
Contract
A mutually binding legal rel..
SCORE
Counselors to America's Small Bus...
Cash Flow Test
Part of the CET that determines if...
Accrual Basis Accounting
recognizes revenues when earned and expenses are...
Corporation (C-corp.)
The most common form of business org...
Working Capital (WC)
The amount of current assets that...
Guarantor
The legal entity and...
Normal Annual Sales
Those sales that would have...
Full and Open Competition
With respect to a contract action...
Physical Loans
Funds to repair/replace dis...
Joint Venture
In the SBA Mentor-Protégé Program...
Equity
An accounting term used to...
Applicant Entity
The business entity requesting...
Acquisition
The acquiring of supplies or...
Subcontract
A contract between a prime cont...

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