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.
Current Assets
A balance sheet item which equals...
Certified 8(a) Firm
A firm owned and operated by socially and...
Comparative Analysis
Is designed to point out significant trends that...
Certificate of Competency
A certificate issued by the Small Bus...
Normal Annual Sales
Those sales that would have...
Operating Leases
are deducted on the company’s...
Affiliates
Business concerns, organizations, or...
Subcontract
A contract between a prime cont...
Small Disadvantaged Business Concern
A small business concern that...
Companion File
When an applicant has another application filed...
Electronic Data Interchange
Transmission of information bet...
Applicant Entity
The business entity requesting...
Prime Contract
A contract awarded directly...
B/E (Business EIDL) Loan
A business loan that...
Schedule of Liabilities
A business debt schedule that lists all of the debts...

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