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.
Contracting
Purchasing, renting, leasing, or...
Schedule of Liabilities
A business debt schedule that lists all of the debts...
Operating Leases
are deducted on the company’s...
Cash Available to Service Additional Debt (CASAD)
The cash flow determined that...
Capital Leases
are for the purchase of fixed assets such as...
Phase 2
Process to be used to determine economic injury for...
Corporation (C-corp.)
The most common form of business org...
Subsidiary
A company for which a majority of the...
Working Capital (WC)
The amount of current assets that...
DBA
ex. Blocker & Sons LLC, doing business as Bob's Burgers
Prime Contract
A contract awarded directly...
Coastal Barrier Resource Area (COBRA)
A flood prone area in which...
Phase 1
Process used to determine the...
Applicant Entity
The business entity requesting...
Balance Sheet or Statement of Financial Position
Assets = Liabilities + Equity...

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