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.
Trend Analysis
A comparative analysis of...
Schedule of Liabilities
A business debt schedule that lists all of the debts...
Principal
the owner(s) of the Applicant Entity that...
Business Activity
The business (or loss) activity of...
Affiliated Group
When two or more...
Mentor
A business, usually large, or...
GPM%
The measure of every sales dollar left...
Days Receivable
A measure of the average time a...
SCORE
Counselors to America's Small Bus...
Current Assets
A balance sheet item which equals...
Balance Sheet or Statement of Financial Position
Assets = Liabilities + Equity...
Subsidiary
A company for which a majority of the...
P&L (Profit and Loss Statement)
also considered as Income Statement or...
Emerging Small Business
A small business concern whose...
Standard Industrial Classification (SIC) Code
A code representing a category within...

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