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.
Available Asset Test
Part of the CET that determines if an applicant(s) has...
Cash Available to Service Additional Debt (CASAD)
The cash flow determined that...
Projection
An estimate of future economic or...
Small Business Development Centers (SBDC)
SBDCs offer a broad spec...
Physical Loans
Funds to repair/replace dis...
Defense Contractor
Any person who enters into...
Affiliate
Business concerns are affiliates if one concern...
Current Assets
A balance sheet item which equals...
Protégé
A firm in a developmental stage that...
Assets
The amount of current assets that is left...
Cash-basis Accounting
records revenue when cash is...
Loan Authorization and Agreement (LA&A)
A contract between SBA and the borrower that...
Affiliated Group
When two or more...
SCORE
Counselors to America's Small Bus...
Negotiation
Contracting through the use of...

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