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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.
Certified 8(a) Firm
A firm owned and operated by socially and...
Cash Flow Test
Part of the CET that determines if...
Applicant Individual
aka who is requesting an SBA loan...
Affiliated Group
When two or more...
Hardship Waiver
Method used to approve a...
Collateral
Assets pledged by a borrower to secure a loan...
B/E (Business EIDL) Loan
A business loan that...
Acquisition
The acquiring of supplies or...
Lien
A legal claim against an...
Days Receivable
A measure of the average time a...
Contract
A mutually binding legal rel..
Sole Proprietor
an individual who...
Phase 1
Process used to determine the...
Income Statement
Shows the entity’s income and...
Credit Score Test
Part of the home loan CET show a...

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