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.
Explore 7a loans

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.
Contracting
Purchasing, renting, leasing, or...
Intermediary Organization
Organizations that play a funda...
Working Capital (WC)
The amount of current assets that...
Current Liabilities
A balance sheet item, which...
Hardship Waiver
Method used to approve a...
Affiliated Group
When two or more...
Physical Loans
Funds to repair/replace dis...
Small Business Innovative Research (SBIR) Contract
A type of contract designed to...
SAE (Stand Alone Economic Injury Disaster Loan)
provide necessary working capital to...
Lien
A legal claim against an...
Income Statement
Shows the entity’s income and...
Duplicated Interest
The amount of interest exp...
Projection
An estimate of future economic or...
Affiliate
Business concerns are affiliates if one concern...
Contractor Team Arrangement
An arrangement in which...

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