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.
Cash Flow Test
Part of the CET that determines if...
Capital Leases
are for the purchase of fixed assets such as...
Applicant Individual
aka who is requesting an SBA loan...
Working Capital (WC)
The amount of current assets that...
Economic Injury Disaster Loan (EIDL)
a working capital loan that...
Credit Score Test
Part of the home loan CET show a...
Depreciation
A non-cash operating expense that...
Protégé
A firm in a developmental stage that...
Certified 8(a) Firm
A firm owned and operated by socially and...
Hardship Waiver
Method used to approve a...
Contract
A mutually binding legal rel..
Principal
the owner(s) of the Applicant Entity that...
P&L (Profit and Loss Statement)
also considered as Income Statement or...
Guarantor
The legal entity and...
Subcontract
A contract between a prime cont...

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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
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Buy a new business->Buy real estate->Refinance debt->Refi real estate->
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