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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.
Contractor Team Arrangement
An arrangement in which...
Cash-basis Accounting
records revenue when cash is...
Certificate of Competency
A certificate issued by the Small Bus...
Current Liabilities
A balance sheet item, which...
Sole Proprietor
an individual who...
Schedule of Liabilities
A business debt schedule that lists all of the debts...
Collateral
Assets pledged by a borrower to secure a loan...
Standard Industrial Classification (SIC) Code
A code representing a category within...
Days Payable
A measure of the average time a...
Adjusted Net Worth
Post disaster fair market value of tangible...
Amortization
A non-cash operating expense that...
Corporation (C-corp.)
The most common form of business org...
Credit Elsewhere Test (CET)
The test to determine the...
Current Assets
A balance sheet item which equals...
Hardship Waiver
Method used to approve a...

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