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.
Explore 504 loans

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.
Small Business Development Centers (SBDC)
SBDCs offer a broad spec...
Small Business
A business smaller than...
Applicant/Co-Applicant
Business entity and person requesting...
Corporation (C-corp.)
The most common form of business org...
Extraordinary Items
Additional expenses that are...
Normal Gross Margin
The margin that would have been...
Hardship Waiver
Method used to approve a...
Joint Venture
In the SBA Mentor-Protégé Program...
Contracting Officer
A person with the authority to...
Depreciation
A non-cash operating expense that...
Small Business Innovative Research (SBIR) Contract
A type of contract designed to...
Contracting
Purchasing, renting, leasing, or...
Partnering
A mutually beneficial business-to-bus...
Partnership
A type of unincorporated business org...
P&L (Profit and Loss Statement)
also considered as Income Statement or...

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