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.
Affiliated Group
When two or more...
Applicant Entity
The business entity requesting...
Contracting Officer
A person with the authority to...
Current Assets
A balance sheet item which equals...
Limited Partnership
A business organization with one or...
Lien
A legal claim against an...
Partnership
A type of unincorporated business org...
Mentor
A business, usually large, or...
Loan Authorization and Agreement (LA&A)
A contract between SBA and the borrower that...
Liabilities
A financial obligation...
Small Business Innovative Research (SBIR) Contract
A type of contract designed to...
Contracting
Purchasing, renting, leasing, or...
Comparative Analysis
Is designed to point out significant trends that...
Certified 8(a) Firm
A firm owned and operated by socially and...
Credit Score Test
Part of the home loan CET show a...

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