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.
Contracting
Purchasing, renting, leasing, or...
Partnership
A type of unincorporated business org...
Contractor Team Arrangement
An arrangement in which...
Emerging Small Business
A small business concern whose...
Limited Liability Entities (company/partnership)
An LLE provides business owners with...
Hardship Waiver
Method used to approve a...
Mentor
A business, usually large, or...
Defense Contractor
Any person who enters into...
Contract
A mutually binding legal rel..
Injury Period
The time period during...
Normal Annual Sales
Those sales that would have...
Business Activity
The business (or loss) activity of...
Cash-basis Accounting
records revenue when cash is...
Certificate of Competency
A certificate issued by the Small Bus...
Comparative Analysis
Is designed to point out significant trends that...

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