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.
Best and Final Offer
For negotiated procurements...
Substantial Damage
This means uninsured or otherwise uncompensated...
Projection
An estimate of future economic or...
Acquisition
The acquiring of supplies or...
Loan Authorization and Agreement (LA&A)
A contract between SBA and the borrower that...
Credit Elsewhere Test (CET)
The test to determine the...
Trend Analysis
A comparative analysis of...
Limited Partnership
A business organization with one or...
Contract
A mutually binding legal rel..
Small Business Development Centers (SBDC)
SBDCs offer a broad spec...
Small Disadvantaged Business Concern
A small business concern that...
Affiliated Group
When two or more...
Companion File
When an applicant has another application filed...
Current Liabilities
A balance sheet item, which...
DBA
ex. Blocker & Sons LLC, doing business as Bob's Burgers

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