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.
Partnership
A type of unincorporated business org...
Subcontract
A contract between a prime cont...
Comparative Analysis
Is designed to point out significant trends that...
Principal
the owner(s) of the Applicant Entity that...
Current Liabilities
A balance sheet item, which...
Affiliate
Business concerns are affiliates if one concern...
Capital Leases
are for the purchase of fixed assets such as...
Schedule of Liabilities
A business debt schedule that lists all of the debts...
Companion File
When an applicant has another application filed...
Limited Liability Entities (company/partnership)
An LLE provides business owners with...
Income Statement
Shows the entity’s income and...
Business Activity
The business (or loss) activity of...
Hardship Waiver
Method used to approve a...
Liabilities
A financial obligation...
Amortization
A non-cash operating expense that...

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SBA Loan Types
SBA 7a LoansSBA 504 LoansDisaster LoansMicroloans
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SBA Express LoansStandard 7a Loans7a Small LoansExport Express Loans
SBA Loan Purposes
Buy a new business->Buy real estate->Refinance debt->Refi real estate->
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