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.
Explore 7a loans

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.
Explore microloans
SBA Glossary

Common SBA Terms

Everything you need to know about common terms used to discuss SBA Loans.
Partnering
A mutually beneficial business-to-bus...
Protégé
A firm in a developmental stage that...
Coastal Barrier Resource Area (COBRA)
A flood prone area in which...
Trend Analysis
A comparative analysis of...
Affiliate
Business concerns are affiliates if one concern...
Principal
the owner(s) of the Applicant Entity that...
Guarantor
The legal entity and...
Subcontract
A contract between a prime cont...
Contract
A mutually binding legal rel..
Capital Leases
are for the purchase of fixed assets such as...
Amortization
A non-cash operating expense that...
Physical Loans
Funds to repair/replace dis...
Companion File
When an applicant has another application filed...
Days Payable
A measure of the average time a...
Adjusted Net Worth
Post disaster fair market value of tangible...

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