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.
Liabilities
A financial obligation...
Contracting Officer
A person with the authority to...
Guarantor
The legal entity and...
Joint Venture
In the SBA Mentor-Protégé Program...
Economic Injury Disaster Loan (EIDL)
a working capital loan that...
Applicant Entity
The business entity requesting...
Schedule of Liabilities
A business debt schedule that lists all of the debts...
Substantial Damage
This means uninsured or otherwise uncompensated...
Best and Final Offer
For negotiated procurements...
Full and Open Competition
With respect to a contract action...
Break-even Analysis
A calculation of the approximate sales...
Subcontract
A contract between a prime cont...
Current Liabilities
A balance sheet item, which...
Lien
A legal claim against an...
Subsidiary
A company for which a majority of the...

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