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.
Principal
the owner(s) of the Applicant Entity that...
Phase 1
Process used to determine the...
Electronic Data Interchange
Transmission of information bet...
Normal Gross Margin
The margin that would have been...
Full and Open Competition
With respect to a contract action...
Coastal Barrier Resource Area (COBRA)
A flood prone area in which...
Defense Acquisition Regulatory Council (DARC)
A group composed of rep...
Injury Period
The time period during...
Companion File
When an applicant has another application filed...
Accrual Basis Accounting
recognizes revenues when earned and expenses are...
Working Capital (WC)
The amount of current assets that...
Adjusted Net Worth
Post disaster fair market value of tangible...
Certificate of Competency
A certificate issued by the Small Bus...
Substantial Damage
This means uninsured or otherwise uncompensated...
Operating Leases
are deducted on the company’s...

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