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.
Equity
An accounting term used to...
Assets
The amount of current assets that is left...
Applicant Individual
aka who is requesting an SBA loan...
Projection
An estimate of future economic or...
Accrual Basis Accounting
recognizes revenues when earned and expenses are...
B/E (Business EIDL) Loan
A business loan that...
SAE (Stand Alone Economic Injury Disaster Loan)
provide necessary working capital to...
Sole Proprietor
an individual who...
Fair and Reasonable Price
A price that is fair to both parties...
Limited Liability Entities (company/partnership)
An LLE provides business owners with...
Contractor Team Arrangement
An arrangement in which...
Electronic Data Interchange
Transmission of information bet...
Depreciation
A non-cash operating expense that...
Cash Flow Test
Part of the CET that determines if...
Days Payable
A measure of the average time a...

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