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.
Physical Loans
Funds to repair/replace dis...
Phase 2
Process to be used to determine economic injury for...
Loan Authorization and Agreement (LA&A)
A contract between SBA and the borrower that...
Defense Contractor
Any person who enters into...
Schedule of Liabilities
A business debt schedule that lists all of the debts...
Applicant/Co-Applicant
Business entity and person requesting...
Best and Final Offer
For negotiated procurements...
Corporation (C-corp.)
The most common form of business org...
Available Asset Test
Part of the CET that determines if an applicant(s) has...
Credit Score Test
Part of the home loan CET show a...
Subsidiary
A company for which a majority of the...
Adjusted Net Worth
Post disaster fair market value of tangible...
Defense Acquisition Regulatory Council (DARC)
A group composed of rep...
DBA
ex. Blocker & Sons LLC, doing business as Bob's Burgers
Substantial Damage
This means uninsured or otherwise uncompensated...

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