Glossary
SBA Terms

Collateral

Assets pledged by a borrower to secure a loan or other credit, and subject to seizure in the event of default. The preferred collateral for an SBA disaster loan is real estate

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.
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SBA 504 Loans

SBA 504 loans are very popular for long-term, fixed rate financing of up to $5 million for major fixed assets.
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SBA Microloans

The average Microloan is about $13,000. The Microloans program provides loans up to $50,000 to small businesses.
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SBA Glossary

Common SBA Terms

Everything you need to know about common terms used to discuss SBA Loans.
Small Business
A business smaller than...
S-Corporation
A form of corporation, allowed by...
Extraordinary Items
Additional expenses that are...
Balance Sheet or Statement of Financial Position
Assets = Liabilities + Equity...
Defense Contractor
Any person who enters into...
Affiliated Group
When two or more...
Full and Open Competition
With respect to a contract action...
SAE (Stand Alone Economic Injury Disaster Loan)
provide necessary working capital to...
Guarantor
The legal entity and...
Equity
An accounting term used to...
Defense Acquisition Regulatory Council (DARC)
A group composed of rep...
Business Activity
The business (or loss) activity of...
GPM%
The measure of every sales dollar left...
Companion File
When an applicant has another application filed...
Mentor
A business, usually large, or...

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