Glossary
SBA Terms

Small Business Development Centers (SBDC)

SBDCs offer a broad spectrum of business information and guidance as well as assistance in preparing loan applications.

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.
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SBA Glossary

Common SBA Terms

Everything you need to know about common terms used to discuss SBA Loans.
Assets
The amount of current assets that is left...
Current Liabilities
A balance sheet item, which...
Injury Period
The time period during...
Working Capital (WC)
The amount of current assets that...
Certificate of Competency
A certificate issued by the Small Bus...
Best and Final Offer
For negotiated procurements...
Principal
the owner(s) of the Applicant Entity that...
Request for Proposal (RFP)
A document outlining a...
Phase 2
Process to be used to determine economic injury for...
Limited Liability Entities (company/partnership)
An LLE provides business owners with...
Credit Score Test
Part of the home loan CET show a...
Break-even Analysis
A calculation of the approximate sales...
Capital Leases
are for the purchase of fixed assets such as...
Economic Injury Disaster Loan (EIDL)
a working capital loan that...
Days Receivable
A measure of the average time a...

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