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.
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.
GPM%
The measure of every sales dollar left...
Available Asset Test
Part of the CET that determines if an applicant(s) has...
Negotiation
Contracting through the use of...
Injury Analysis
Measures the effects of...
Small Business Innovative Research (SBIR) Contract
A type of contract designed to...
Liabilities
A financial obligation...
Depreciation
A non-cash operating expense that...
Economic Injury Disaster Loan (EIDL)
a working capital loan that...
Contractor Team Arrangement
An arrangement in which...
Guarantor
The legal entity and...
Limited Partnership
A business organization with one or...
SCORE
Counselors to America's Small Bus...
Extraordinary Items
Additional expenses that are...
Mentor
A business, usually large, or...
Small Business
A business smaller than...

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