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.
Applicant Individual
aka who is requesting an SBA loan...
Credit Score Test
Part of the home loan CET show a...
Projection
An estimate of future economic or...
P&L (Profit and Loss Statement)
also considered as Income Statement or...
GPM%
The measure of every sales dollar left...
Defense Contractor
Any person who enters into...
Principal
the owner(s) of the Applicant Entity that...
Amortization
A non-cash operating expense that...
Affiliated Group
When two or more...
Acquisition
The acquiring of supplies or...
Subsidiary
A company for which a majority of the...
Contractor Team Arrangement
An arrangement in which...
Affiliates
Business concerns, organizations, or...
Intermediary Organization
Organizations that play a funda...
Normal Annual Sales
Those sales that would have...

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