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.
Credit Elsewhere Test (CET)
The test to determine the...
Affiliated Group
When two or more...
Business Activity
The business (or loss) activity of...
Days Payable
A measure of the average time a...
Accrual Basis Accounting
recognizes revenues when earned and expenses are...
Fair and Reasonable Price
A price that is fair to both parties...
Defense Acquisition Regulatory Council (DARC)
A group composed of rep...
Duplicated Interest
The amount of interest exp...
Loan Authorization and Agreement (LA&A)
A contract between SBA and the borrower that...
Defense Contractor
Any person who enters into...
Normal Gross Margin
The margin that would have been...
Projection
An estimate of future economic or...
Income Statement
Shows the entity’s income and...
Injury Analysis
Measures the effects of...
Partnership
A type of unincorporated business org...

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