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.
Available Asset Test
Part of the CET that determines if an applicant(s) has...
Negotiation
Contracting through the use of...
Collateral
Assets pledged by a borrower to secure a loan...
Best and Final Offer
For negotiated procurements...
Extraordinary Items
Additional expenses that are...
Fair and Reasonable Price
A price that is fair to both parties...
Credit Elsewhere Test (CET)
The test to determine the...
Days Payable
A measure of the average time a...
Balance Sheet or Statement of Financial Position
Assets = Liabilities + Equity...
Corporation (C-corp.)
The most common form of business org...
Trend Analysis
A comparative analysis of...
Subcontract
A contract between a prime cont...
Working Capital (WC)
The amount of current assets that...
Injury Analysis
Measures the effects of...
Certified 8(a) Firm
A firm owned and operated by socially and...

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