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.
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.
Cash Available to Service Additional Debt (CASAD)
The cash flow determined that...
Normal Gross Margin
The margin that would have been...
Liabilities
A financial obligation...
SCORE
Counselors to America's Small Bus...
Small Business Innovative Research (SBIR) Contract
A type of contract designed to...
Contracting
Purchasing, renting, leasing, or...
Contractor Team Arrangement
An arrangement in which...
Negotiation
Contracting through the use of...
Available Asset Test
Part of the CET that determines if an applicant(s) has...
GPM%
The measure of every sales dollar left...
Days Payable
A measure of the average time a...
Injury Analysis
Measures the effects of...
Adjusted Net Worth
Post disaster fair market value of tangible...
Amortization
A non-cash operating expense that...
Current Assets
A balance sheet item which equals...

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