Glossary
SBA Terms

B/E (Business EIDL) Loan

A business loan that incorporates physical losses and economic injury for the same legal entity or individual.

Updated on
September 9, 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.
Standard Industrial Classification (SIC) Code
A code representing a category within...
Fair and Reasonable Price
A price that is fair to both parties...
Business Activity
The business (or loss) activity of...
SCORE
Counselors to America's Small Bus...
Lien
A legal claim against an...
Primary Activity
The major business activity of...
Capital Leases
are for the purchase of fixed assets such as...
Small Business
A business smaller than...
Applicant Individual
aka who is requesting an SBA loan...
Depreciation
A non-cash operating expense that...
Applicant/Co-Applicant
Business entity and person requesting...
Balance Sheet or Statement of Financial Position
Assets = Liabilities + Equity...
Injury Period
The time period during...
Contractor Team Arrangement
An arrangement in which...
Federal Acquisition Regulation (FAR)
The body of regulations which is...

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