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.
SAE (Stand Alone Economic Injury Disaster Loan)
provide necessary working capital to...
Balance Sheet or Statement of Financial Position
Assets = Liabilities + Equity...
Comparative Analysis
Is designed to point out significant trends that...
Economic Injury Disaster Loan (EIDL)
a working capital loan that...
Normal Annual Sales
Those sales that would have...
Limited Partnership
A business organization with one or...
Limited Liability Entities (company/partnership)
An LLE provides business owners with...
Physical Loans
Funds to repair/replace dis...
Cash Available to Service Additional Debt (CASAD)
The cash flow determined that...
Working Capital (WC)
The amount of current assets that...
Phase 1
Process used to determine the...
Subcontract
A contract between a prime cont...
Accrual Basis Accounting
recognizes revenues when earned and expenses are...
Current Assets
A balance sheet item which equals...
Injury Period
The time period during...

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