Glossary
SBA Terms

Physical Loans

Funds to repair/replace disaster damaged or destroyed business assets such as real estate, inventory, machinery and equipment, etc.

Updated on
September 9, 2022
Published on
June 20, 2018
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SBA 7a Loans

The 7(a) Loan Program, SBA’s most common loan program, includes assistance for each business with unique needs.
Explore 7a loans

SBA 504 Loans

SBA 504 loans are very popular for long-term, fixed rate financing of up to $5 million for major fixed assets.
Explore 504 loans

SBA Microloans

The average Microloan is about $13,000. The Microloans program provides loans up to $50,000 to small businesses.
Explore microloans
SBA Glossary

Common SBA Terms

Everything you need to know about common terms used to discuss SBA Loans.
Substantial Damage
This means uninsured or otherwise uncompensated...
Available Asset Test
Part of the CET that determines if an applicant(s) has...
Affiliate
Business concerns are affiliates if one concern...
S-Corporation
A form of corporation, allowed by...
Applicant Entity
The business entity requesting...
Cash Flow Test
Part of the CET that determines if...
Applicant Individual
aka who is requesting an SBA loan...
Depreciation
A non-cash operating expense that...
Small Business Innovative Research (SBIR) Contract
A type of contract designed to...
Schedule of Liabilities
A business debt schedule that lists all of the debts...
Current Assets
A balance sheet item which equals...
Guarantor
The legal entity and...
Working Capital (WC)
The amount of current assets that...
Companion File
When an applicant has another application filed...
Prime Contract
A contract awarded directly...

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