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.
Subcontract
A contract between a prime cont...
Current Assets
A balance sheet item which equals...
Guarantor
The legal entity and...
Limited Liability Entities (company/partnership)
An LLE provides business owners with...
Equity
An accounting term used to...
NAICS
NAICS codes are common...
Cash Available to Service Additional Debt (CASAD)
The cash flow determined that...
Break-even Analysis
A calculation of the approximate sales...
Request for Proposal (RFP)
A document outlining a...
Credit Score Test
Part of the home loan CET show a...
Small Business
A business smaller than...
Injury Analysis
Measures the effects of...
Accrual Basis Accounting
recognizes revenues when earned and expenses are...
Affiliated Group
When two or more...
Affiliate
Business concerns are affiliates if one concern...

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