Lien

A legal claim against an asset which is used to secure a loan and which must be paid when the property is sold.

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.
Credit Elsewhere Test (CET)
The test to determine the...
Corporation (C-corp.)
The most common form of business org...
Applicant Entity
The business entity requesting...
Companion File
When an applicant has another application filed...
Liabilities
A financial obligation...
Contract
A mutually binding legal rel..
Best and Final Offer
For negotiated procurements...
Phase 1
Process used to determine the...
Affiliates
Business concerns, organizations, or...
Negotiation
Contracting through the use of...
Intermediary Organization
Organizations that play a funda...
Emerging Small Business
A small business concern whose...
Physical Loans
Funds to repair/replace dis...
Trend Analysis
A comparative analysis of...
Contracting
Purchasing, renting, leasing, or...

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