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.
Cash Flow Test
Part of the CET that determines if...
DBA
ex. Blocker & Sons LLC, doing business as Bob's Burgers
Negotiation
Contracting through the use of...
SAE (Stand Alone Economic Injury Disaster Loan)
provide necessary working capital to...
Cash Available to Service Additional Debt (CASAD)
The cash flow determined that...
Mentor
A business, usually large, or...
Amortization
A non-cash operating expense that...
Assets
The amount of current assets that is left...
GPM%
The measure of every sales dollar left...
Coastal Barrier Resource Area (COBRA)
A flood prone area in which...
Break-even Analysis
A calculation of the approximate sales...
Affiliated Group
When two or more...
Corporation (C-corp.)
The most common form of business org...
Limited Partnership
A business organization with one or...
Primary Activity
The major business activity of...

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