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.
Small Disadvantaged Business Concern
A small business concern that...
SCORE
Counselors to America's Small Bus...
Joint Venture
In the SBA Mentor-Protégé Program...
Contract
A mutually binding legal rel..
Certificate of Competency
A certificate issued by the Small Bus...
Extraordinary Items
Additional expenses that are...
Affiliated Group
When two or more...
Applicant Individual
aka who is requesting an SBA loan...
Comparative Analysis
Is designed to point out significant trends that...
Normal Gross Margin
The margin that would have been...
Cash Flow Test
Part of the CET that determines if...
Current Liabilities
A balance sheet item, which...
Equity
An accounting term used to...
Affiliate
Business concerns are affiliates if one concern...
Amortization
A non-cash operating expense that...

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