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.
Small Business
A business smaller than...
Extraordinary Items
Additional expenses that are...
Physical Loans
Funds to repair/replace dis...
Depreciation
A non-cash operating expense that...
Lien
A legal claim against an...
Small Business Innovative Research (SBIR) Contract
A type of contract designed to...
B/E (Business EIDL) Loan
A business loan that...
Contractor Team Arrangement
An arrangement in which...
Liabilities
A financial obligation...
Standard Industrial Classification (SIC) Code
A code representing a category within...
Schedule of Liabilities
A business debt schedule that lists all of the debts...
Defense Contractor
Any person who enters into...
Federal Acquisition Regulation (FAR)
The body of regulations which is...
Credit Score Test
Part of the home loan CET show a...
SAE (Stand Alone Economic Injury Disaster Loan)
provide necessary working capital to...

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