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.
Explore 7a loans

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.
Explore microloans
SBA Glossary

Common SBA Terms

Everything you need to know about common terms used to discuss SBA Loans.
Loan Authorization and Agreement (LA&A)
A contract between SBA and the borrower that...
Affiliate
Business concerns are affiliates if one concern...
Guarantor
The legal entity and...
Collateral
Assets pledged by a borrower to secure a loan...
Partnership
A type of unincorporated business org...
Small Disadvantaged Business Concern
A small business concern that...
Trend Analysis
A comparative analysis of...
Electronic Data Interchange
Transmission of information bet...
Applicant Entity
The business entity requesting...
S-Corporation
A form of corporation, allowed by...
Sole Proprietor
an individual who...
Physical Loans
Funds to repair/replace dis...
Economic Injury Disaster Loan (EIDL)
a working capital loan that...
Projection
An estimate of future economic or...
Credit Score Test
Part of the home loan CET show a...

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