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.
Limited Liability Entities (company/partnership)
An LLE provides business owners with...
Liabilities
A financial obligation...
Electronic Data Interchange
Transmission of information bet...
Amortization
A non-cash operating expense that...
Full and Open Competition
With respect to a contract action...
Applicant Individual
aka who is requesting an SBA loan...
Collateral
Assets pledged by a borrower to secure a loan...
Loan Authorization and Agreement (LA&A)
A contract between SBA and the borrower that...
Small Disadvantaged Business Concern
A small business concern that...
Capital Leases
are for the purchase of fixed assets such as...
Injury Period
The time period during...
Contracting Officer
A person with the authority to...
Physical Loans
Funds to repair/replace dis...
Emerging Small Business
A small business concern whose...
B/E (Business EIDL) Loan
A business loan that...

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