Hardship Waiver

Method used to approve a lower interest rate, when one of the CET test conclusions results in a high rate determination.

Updated on
September 9, 2022
Published on
June 20, 2018
The 7(a) Loan Program, SBA’s most common loan program, includes assistance for each business with unique needs.
SBA 504 loans are very popular for long-term, fixed rate financing of up to $5 million for major fixed assets.
The average Microloan is about $13,000. The Microloans program provides loans up to $50,000 to small businesses.
SBA Glossary

Common SBA Terms

Everything you need to know about common terms used to discuss SBA Loans.
Coastal Barrier Resource Area (COBRA)
A flood prone area in which...
Cash-basis Accounting
records revenue when cash is...
Emerging Small Business
A small business concern whose...
Companion File
When an applicant has another application filed...
Small Business Innovative Research (SBIR) Contract
A type of contract designed to...
Cash Available to Service Additional Debt (CASAD)
The cash flow determined that...
Subcontract
A contract between a prime cont...
Economic Injury Disaster Loan (EIDL)
a working capital loan that...
Affiliates
Business concerns, organizations, or...
Adjusted Net Worth
Post disaster fair market value of tangible...
Affiliated Group
When two or more...
Cash Flow Test
Part of the CET that determines if...
Collateral
Assets pledged by a borrower to secure a loan...
Contractor Team Arrangement
An arrangement in which...
Business Activity
The business (or loss) activity of...

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