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.
Projection
An estimate of future economic or...
Loan Authorization and Agreement (LA&A)
A contract between SBA and the borrower that...
Credit Score Test
Part of the home loan CET show a...
S-Corporation
A form of corporation, allowed by...
Partnering
A mutually beneficial business-to-bus...
Coastal Barrier Resource Area (COBRA)
A flood prone area in which...
Accrual Basis Accounting
recognizes revenues when earned and expenses are...
Normal Gross Margin
The margin that would have been...
Income Statement
Shows the entity’s income and...
Operating Leases
are deducted on the company’s...
Contracting Officer
A person with the authority to...
Credit Elsewhere Test (CET)
The test to determine the...
Current Liabilities
A balance sheet item, which...
Trend Analysis
A comparative analysis of...
Prime Contract
A contract awarded directly...

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