Glossary
SBA Terms

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
Apply Here

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.
Full and Open Competition
With respect to a contract action...
Collateral
Assets pledged by a borrower to secure a loan...
Equity
An accounting term used to...
Adjusted Net Worth
Post disaster fair market value of tangible...
Accrual Basis Accounting
recognizes revenues when earned and expenses are...
Standard Industrial Classification (SIC) Code
A code representing a category within...
Certified 8(a) Firm
A firm owned and operated by socially and...
Limited Liability Entities (company/partnership)
An LLE provides business owners with...
Cash Flow Test
Part of the CET that determines if...
Subcontract
A contract between a prime cont...
Duplicated Interest
The amount of interest exp...
Applicant Entity
The business entity requesting...
Defense Acquisition Regulatory Council (DARC)
A group composed of rep...
Fair and Reasonable Price
A price that is fair to both parties...
Defense Contractor
Any person who enters into...

Get the quick rundown on SBA Loans

Join over 4,000+ small business owners already growing with us.
How it Works
contact@sbaloans.orgPrivacyToS
SBA Loan Types
SBA 7a LoansSBA 504 LoansDisaster LoansMicroloans
SBA 7a Loan Types
SBA Express LoansStandard 7a Loans7a Small LoansExport Express Loans
SBA Loan Purposes
Buy a new business->Buy real estate->Refinance debt->Refi real estate->
SBA EDU
SBA FAQsSBA GlossaryAbout 7a LoansAbout 504 Loans
Get Started
SBA Loan App ->
SBA Loan RatesSBA Disaster AssistanceAbout Us
Copyright © 2022 Mainstreet Financial LLC
Secured with bank-level SSL
Built on Mainstreet
Powered by SBALoans.org