Glossary
SBA Terms

Small Business

A business smaller than a given size as measured by its employment, business receipts, or business assets.

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.
Normal Annual Sales
Those sales that would have...
Partnering
A mutually beneficial business-to-bus...
Days Receivable
A measure of the average time a...
Partnership
A type of unincorporated business org...
Available Asset Test
Part of the CET that determines if an applicant(s) has...
Projection
An estimate of future economic or...
Acquisition
The acquiring of supplies or...
Credit Score Test
Part of the home loan CET show a...
Applicant Individual
aka who is requesting an SBA loan...
S-Corporation
A form of corporation, allowed by...
Substantial Damage
This means uninsured or otherwise uncompensated...
Small Business
A business smaller than...
Lien
A legal claim against an...
Balance Sheet or Statement of Financial Position
Assets = Liabilities + Equity...
Federal Acquisition Regulation (FAR)
The body of regulations which is...

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