Glossary
SBA Terms

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
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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.
SAE (Stand Alone Economic Injury Disaster Loan)
provide necessary working capital to...
Contractor Team Arrangement
An arrangement in which...
Acquisition
The acquiring of supplies or...
Negotiation
Contracting through the use of...
Liabilities
A financial obligation...
Subcontract
A contract between a prime cont...
Defense Contractor
Any person who enters into...
Phase 1
Process used to determine the...
Intermediary Organization
Organizations that play a funda...
Small Business Development Centers (SBDC)
SBDCs offer a broad spec...
Projection
An estimate of future economic or...
Physical Loans
Funds to repair/replace dis...
Business Activity
The business (or loss) activity of...
Coastal Barrier Resource Area (COBRA)
A flood prone area in which...
Current Liabilities
A balance sheet item, which...

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