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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.
Normal Annual Sales
Those sales that would have...
Primary Activity
The major business activity of...
Injury Period
The time period during...
Duplicated Interest
The amount of interest exp...
Projection
An estimate of future economic or...
Defense Acquisition Regulatory Council (DARC)
A group composed of rep...
Hardship Waiver
Method used to approve a...
Available Asset Test
Part of the CET that determines if an applicant(s) has...
Equity
An accounting term used to...
Certificate of Competency
A certificate issued by the Small Bus...
Best and Final Offer
For negotiated procurements...
Loan Authorization and Agreement (LA&A)
A contract between SBA and the borrower that...
Injury Analysis
Measures the effects of...
Amortization
A non-cash operating expense that...
Contracting
Purchasing, renting, leasing, or...

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