Glossary
SBA Terms

DBA

Doing Business As - generally a trade name such as “Bob’s Burgers” is used, instead of the legal name of Blocker & Sons LLC.

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.
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SBA Glossary

Common SBA Terms

Everything you need to know about common terms used to discuss SBA Loans.
Economic Injury Disaster Loan (EIDL)
a working capital loan that...
Applicant Individual
aka who is requesting an SBA loan...
DBA
ex. Blocker & Sons LLC, doing business as Bob's Burgers
Sole Proprietor
an individual who...
Balance Sheet or Statement of Financial Position
Assets = Liabilities + Equity...
Fair and Reasonable Price
A price that is fair to both parties...
Current Liabilities
A balance sheet item, which...
Affiliated Group
When two or more...
Electronic Data Interchange
Transmission of information bet...
Partnering
A mutually beneficial business-to-bus...
Current Assets
A balance sheet item which equals...
SCORE
Counselors to America's Small Bus...
Working Capital (WC)
The amount of current assets that...
Hardship Waiver
Method used to approve a...
Small Business
A business smaller than...

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