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.
Defense Acquisition Regulatory Council (DARC)
A group composed of rep...
Lien
A legal claim against an...
Negotiation
Contracting through the use of...
Credit Elsewhere Test (CET)
The test to determine the...
Available Asset Test
Part of the CET that determines if an applicant(s) has...
Cash Available to Service Additional Debt (CASAD)
The cash flow determined that...
Current Liabilities
A balance sheet item, which...
Normal Annual Sales
Those sales that would have...
Joint Venture
In the SBA Mentor-Protégé Program...
Intermediary Organization
Organizations that play a funda...
Electronic Data Interchange
Transmission of information bet...
SAE (Stand Alone Economic Injury Disaster Loan)
provide necessary working capital to...
Current Assets
A balance sheet item which equals...
Standard Industrial Classification (SIC) Code
A code representing a category within...
Affiliate
Business concerns are affiliates if one concern...

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