Glossary
SBA Terms

Electronic Data Interchange

Transmission of information between computers using highly standardized electronic versions of common business documents.

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.
S-Corporation
A form of corporation, allowed by...
Hardship Waiver
Method used to approve a...
Primary Activity
The major business activity of...
Federal Acquisition Regulation (FAR)
The body of regulations which is...
Days Receivable
A measure of the average time a...
Applicant Entity
The business entity requesting...
Capital Leases
are for the purchase of fixed assets such as...
Economic Injury Disaster Loan (EIDL)
a working capital loan that...
Defense Acquisition Regulatory Council (DARC)
A group composed of rep...
Coastal Barrier Resource Area (COBRA)
A flood prone area in which...
Subcontract
A contract between a prime cont...
B/E (Business EIDL) Loan
A business loan that...
Cash Flow Test
Part of the CET that determines if...
Corporation (C-corp.)
The most common form of business org...
Small Business Development Centers (SBDC)
SBDCs offer a broad spec...

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