Glossary
SBA Terms

Contract

A mutually binding legal relationship obligating the seller to furnish supplies or services (including construction) and the buyer to pay for them.

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.
Comparative Analysis
Is designed to point out significant trends that...
SCORE
Counselors to America's Small Bus...
Collateral
Assets pledged by a borrower to secure a loan...
Contract
A mutually binding legal rel..
Affiliated Group
When two or more...
Electronic Data Interchange
Transmission of information bet...
Phase 2
Process to be used to determine economic injury for...
Operating Leases
are deducted on the company’s...
Equity
An accounting term used to...
Acquisition
The acquiring of supplies or...
Affiliate
Business concerns are affiliates if one concern...
Current Assets
A balance sheet item which equals...
Emerging Small Business
A small business concern whose...
Principal
the owner(s) of the Applicant Entity that...
Cash Available to Service Additional Debt (CASAD)
The cash flow determined that...

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