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.
NAICS
NAICS codes are common...
Small Business
A business smaller than...
Small Business Development Centers (SBDC)
SBDCs offer a broad spec...
Joint Venture
In the SBA Mentor-Protégé Program...
Coastal Barrier Resource Area (COBRA)
A flood prone area in which...
Physical Loans
Funds to repair/replace dis...
Applicant Entity
The business entity requesting...
Schedule of Liabilities
A business debt schedule that lists all of the debts...
Contract
A mutually binding legal rel..
Protégé
A firm in a developmental stage that...
Small Business Innovative Research (SBIR) Contract
A type of contract designed to...
Partnership
A type of unincorporated business org...
Current Liabilities
A balance sheet item, which...
Duplicated Interest
The amount of interest exp...
Credit Elsewhere Test (CET)
The test to determine the...

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