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.
Full and Open Competition
With respect to a contract action...
Depreciation
A non-cash operating expense that...
SAE (Stand Alone Economic Injury Disaster Loan)
provide necessary working capital to...
Affiliates
Business concerns, organizations, or...
Primary Activity
The major business activity of...
Companion File
When an applicant has another application filed...
Capital Leases
are for the purchase of fixed assets such as...
Request for Proposal (RFP)
A document outlining a...
Projection
An estimate of future economic or...
Current Assets
A balance sheet item which equals...
Negotiation
Contracting through the use of...
Cash-basis Accounting
records revenue when cash is...
Cash Flow Test
Part of the CET that determines if...
Credit Score Test
Part of the home loan CET show a...
Injury Analysis
Measures the effects of...

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