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.
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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.
Explore microloans
SBA Glossary

Common SBA Terms

Everything you need to know about common terms used to discuss SBA Loans.
Acquisition
The acquiring of supplies or...
Operating Leases
are deducted on the company’s...
Electronic Data Interchange
Transmission of information bet...
SAE (Stand Alone Economic Injury Disaster Loan)
provide necessary working capital to...
Trend Analysis
A comparative analysis of...
Federal Acquisition Regulation (FAR)
The body of regulations which is...
Substantial Damage
This means uninsured or otherwise uncompensated...
Principal
the owner(s) of the Applicant Entity that...
Subsidiary
A company for which a majority of the...
Normal Annual Sales
Those sales that would have...
Primary Activity
The major business activity of...
P&L (Profit and Loss Statement)
also considered as Income Statement or...
Injury Analysis
Measures the effects of...
GPM%
The measure of every sales dollar left...
Equity
An accounting term used to...

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