Glossary
SBA Terms

S-Corporation

A form of corporation, allowed by the IRS for most companies with 35 or fewer shareholders, which enables the company to enjoy the benefits of incorporation but be taxed as if it were a partnership.

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.
Credit Score Test
Part of the home loan CET show a...
Applicant Entity
The business entity requesting...
Days Receivable
A measure of the average time a...
Mentor
A business, usually large, or...
Liabilities
A financial obligation...
Limited Partnership
A business organization with one or...
Small Business
A business smaller than...
Hardship Waiver
Method used to approve a...
Standard Industrial Classification (SIC) Code
A code representing a category within...
Normal Gross Margin
The margin that would have been...
GPM%
The measure of every sales dollar left...
Credit Elsewhere Test (CET)
The test to determine the...
Request for Proposal (RFP)
A document outlining a...
Affiliates
Business concerns, organizations, or...
Applicant/Co-Applicant
Business entity and person requesting...

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