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.
Explore microloans
SBA Glossary

Common SBA Terms

Everything you need to know about common terms used to discuss SBA Loans.
Acquisition
The acquiring of supplies or...
Fair and Reasonable Price
A price that is fair to both parties...
NAICS
NAICS codes are common...
Physical Loans
Funds to repair/replace dis...
Adjusted Net Worth
Post disaster fair market value of tangible...
SCORE
Counselors to America's Small Bus...
Loan Authorization and Agreement (LA&A)
A contract between SBA and the borrower that...
Corporation (C-corp.)
The most common form of business org...
Subcontract
A contract between a prime cont...
Cash-basis Accounting
records revenue when cash is...
Defense Contractor
Any person who enters into...
Phase 1
Process used to determine the...
Primary Activity
The major business activity of...
Cash Available to Service Additional Debt (CASAD)
The cash flow determined that...
B/E (Business EIDL) Loan
A business loan that...

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Buy a new business->Buy real estate->Refinance debt->Refi real estate->
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