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.
Corporation (C-corp.)
The most common form of business org...
Current Assets
A balance sheet item which equals...
Small Disadvantaged Business Concern
A small business concern that...
DBA
ex. Blocker & Sons LLC, doing business as Bob's Burgers
Applicant Individual
aka who is requesting an SBA loan...
Injury Period
The time period during...
Trend Analysis
A comparative analysis of...
Amortization
A non-cash operating expense that...
Contracting Officer
A person with the authority to...
Extraordinary Items
Additional expenses that are...
SAE (Stand Alone Economic Injury Disaster Loan)
provide necessary working capital to...
Limited Liability Entities (company/partnership)
An LLE provides business owners with...
Sole Proprietor
an individual who...
Limited Partnership
A business organization with one or...
Small Business Innovative Research (SBIR) Contract
A type of contract designed to...

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