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.
Credit Score Test
Part of the home loan CET show a...
Adjusted Net Worth
Post disaster fair market value of tangible...
Applicant Individual
aka who is requesting an SBA loan...
Guarantor
The legal entity and...
Intermediary Organization
Organizations that play a funda...
Assets
The amount of current assets that is left...
SAE (Stand Alone Economic Injury Disaster Loan)
provide necessary working capital to...
Substantial Damage
This means uninsured or otherwise uncompensated...
Normal Gross Margin
The margin that would have been...
Balance Sheet or Statement of Financial Position
Assets = Liabilities + Equity...
Schedule of Liabilities
A business debt schedule that lists all of the debts...
Days Payable
A measure of the average time a...
Contracting
Purchasing, renting, leasing, or...
Prime Contract
A contract awarded directly...
Working Capital (WC)
The amount of current assets that...

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