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.
Standard Industrial Classification (SIC) Code
A code representing a category within...
Fair and Reasonable Price
A price that is fair to both parties...
Applicant Individual
aka who is requesting an SBA loan...
GPM%
The measure of every sales dollar left...
Affiliate
Business concerns are affiliates if one concern...
Federal Acquisition Regulation (FAR)
The body of regulations which is...
Protégé
A firm in a developmental stage that...
Principal
the owner(s) of the Applicant Entity that...
Days Receivable
A measure of the average time a...
Small Business
A business smaller than...
Request for Proposal (RFP)
A document outlining a...
Coastal Barrier Resource Area (COBRA)
A flood prone area in which...
DBA
ex. Blocker & Sons LLC, doing business as Bob's Burgers
Normal Annual Sales
Those sales that would have...
Limited Partnership
A business organization with one or...

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