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
A business smaller than...
Best and Final Offer
For negotiated procurements...
SCORE
Counselors to America's Small Bus...
Partnership
A type of unincorporated business org...
Trend Analysis
A comparative analysis of...
Mentor
A business, usually large, or...
Loan Authorization and Agreement (LA&A)
A contract between SBA and the borrower that...
Amortization
A non-cash operating expense that...
Certificate of Competency
A certificate issued by the Small Bus...
Adjusted Net Worth
Post disaster fair market value of tangible...
Defense Contractor
Any person who enters into...
Certified 8(a) Firm
A firm owned and operated by socially and...
Liabilities
A financial obligation...
Primary Activity
The major business activity of...
Phase 1
Process used to determine the...

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