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.
NAICS
NAICS codes are common...
Days Payable
A measure of the average time a...
Physical Loans
Funds to repair/replace dis...
Current Assets
A balance sheet item which equals...
Duplicated Interest
The amount of interest exp...
Affiliates
Business concerns, organizations, or...
Contracting Officer
A person with the authority to...
Affiliate
Business concerns are affiliates if one concern...
Limited Liability Entities (company/partnership)
An LLE provides business owners with...
Credit Elsewhere Test (CET)
The test to determine the...
Subcontract
A contract between a prime cont...
Contract
A mutually binding legal rel..
Prime Contract
A contract awarded directly...
DBA
ex. Blocker & Sons LLC, doing business as Bob's Burgers
Intermediary Organization
Organizations that play a funda...

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