Glossary
SBA Terms

Projection

An estimate of future economic or financial performance. Generally presented in the form of a Profit and Loss StatementP&L.

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.
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SBA 504 Loans

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

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

Common SBA Terms

Everything you need to know about common terms used to discuss SBA Loans.
Operating Leases
are deducted on the company’s...
Equity
An accounting term used to...
Loan Authorization and Agreement (LA&A)
A contract between SBA and the borrower that...
Accrual Basis Accounting
recognizes revenues when earned and expenses are...
Adjusted Net Worth
Post disaster fair market value of tangible...
Primary Activity
The major business activity of...
Hardship Waiver
Method used to approve a...
Economic Injury Disaster Loan (EIDL)
a working capital loan that...
Capital Leases
are for the purchase of fixed assets such as...
Break-even Analysis
A calculation of the approximate sales...
Credit Score Test
Part of the home loan CET show a...
Limited Liability Entities (company/partnership)
An LLE provides business owners with...
Best and Final Offer
For negotiated procurements...
Contract
A mutually binding legal rel..
Duplicated Interest
The amount of interest exp...

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