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.
Cash-basis Accounting
records revenue when cash is...
Small Disadvantaged Business Concern
A small business concern that...
Cash Available to Service Additional Debt (CASAD)
The cash flow determined that...
Small Business
A business smaller than...
Applicant Individual
aka who is requesting an SBA loan...
Adjusted Net Worth
Post disaster fair market value of tangible...
Intermediary Organization
Organizations that play a funda...
Current Liabilities
A balance sheet item, which...
Limited Partnership
A business organization with one or...
Mentor
A business, usually large, or...
Primary Activity
The major business activity of...
Operating Leases
are deducted on the company’s...
Acquisition
The acquiring of supplies or...
Affiliated Group
When two or more...
Applicant Entity
The business entity requesting...

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