Glossary
SBA Terms

Fair and Reasonable Price

A price that is fair to both parties, considering the agreed-upon conditions, promised quality, and timeliness of contract performance. "Fair and reasonable" price is subject to statutory and regulatory limitations.

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.
Operating Leases
are deducted on the company’s...
Equity
An accounting term used to...
Lien
A legal claim against an...
Substantial Damage
This means uninsured or otherwise uncompensated...
Mentor
A business, usually large, or...
Projection
An estimate of future economic or...
Small Disadvantaged Business Concern
A small business concern that...
Cash-basis Accounting
records revenue when cash is...
B/E (Business EIDL) Loan
A business loan that...
Cash Available to Service Additional Debt (CASAD)
The cash flow determined that...
Comparative Analysis
Is designed to point out significant trends that...
Emerging Small Business
A small business concern whose...
Contracting
Purchasing, renting, leasing, or...
Depreciation
A non-cash operating expense that...
Subsidiary
A company for which a majority of the...

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