Glossary
SBA Terms

Balance Sheet or Statement of Financial Position

Reports an entity’s Assets, Liabilities and Equity (net worth) at a specific time. Assets = Liabilities + Equity.

Updated on
September 8, 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.
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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...
Best and Final Offer
For negotiated procurements...
Protégé
A firm in a developmental stage that...
Prime Contract
A contract awarded directly...
Affiliated Group
When two or more...
Defense Acquisition Regulatory Council (DARC)
A group composed of rep...
Full and Open Competition
With respect to a contract action...
Partnering
A mutually beneficial business-to-bus...
Affiliate
Business concerns are affiliates if one concern...
Limited Partnership
A business organization with one or...
Injury Analysis
Measures the effects of...
Federal Acquisition Regulation (FAR)
The body of regulations which is...
SAE (Stand Alone Economic Injury Disaster Loan)
provide necessary working capital to...
Small Disadvantaged Business Concern
A small business concern that...
Collateral
Assets pledged by a borrower to secure a loan...

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