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.
Small Business Innovative Research (SBIR) Contract
A type of contract designed to...
Contractor Team Arrangement
An arrangement in which...
Primary Activity
The major business activity of...
Amortization
A non-cash operating expense that...
Negotiation
Contracting through the use of...
Phase 1
Process used to determine the...
Applicant/Co-Applicant
Business entity and person requesting...
Comparative Analysis
Is designed to point out significant trends that...
S-Corporation
A form of corporation, allowed by...
Hardship Waiver
Method used to approve a...
Cash Flow Test
Part of the CET that determines if...
Credit Score Test
Part of the home loan CET show a...
Income Statement
Shows the entity’s income and...
Phase 2
Process to be used to determine economic injury for...
Fair and Reasonable Price
A price that is fair to both parties...

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