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.
Schedule of Liabilities
A business debt schedule that lists all of the debts...
Cash Available to Service Additional Debt (CASAD)
The cash flow determined that...
Available Asset Test
Part of the CET that determines if an applicant(s) has...
Contractor Team Arrangement
An arrangement in which...
Small Business Innovative Research (SBIR) Contract
A type of contract designed to...
Accrual Basis Accounting
recognizes revenues when earned and expenses are...
Trend Analysis
A comparative analysis of...
Break-even Analysis
A calculation of the approximate sales...
Partnership
A type of unincorporated business org...
Duplicated Interest
The amount of interest exp...
Applicant Entity
The business entity requesting...
Defense Acquisition Regulatory Council (DARC)
A group composed of rep...
Projection
An estimate of future economic or...
Intermediary Organization
Organizations that play a funda...
Standard Industrial Classification (SIC) Code
A code representing a category within...

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