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.
Certificate of Competency
A certificate issued by the Small Bus...
Coastal Barrier Resource Area (COBRA)
A flood prone area in which...
Guarantor
The legal entity and...
Companion File
When an applicant has another application filed...
NAICS
NAICS codes are common...
Partnering
A mutually beneficial business-to-bus...
Affiliate
Business concerns are affiliates if one concern...
Negotiation
Contracting through the use of...
B/E (Business EIDL) Loan
A business loan that...
Sole Proprietor
an individual who...
Days Receivable
A measure of the average time a...
Protégé
A firm in a developmental stage that...
Adjusted Net Worth
Post disaster fair market value of tangible...
Fair and Reasonable Price
A price that is fair to both parties...
Federal Acquisition Regulation (FAR)
The body of regulations which is...

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