Certificate of Competency

A certificate issued by the Small Business Administration (SBA) stating that the holder is "responsible" (in terms of capability, competency, capacity, credit, integrity, perseverance, and tenacity) for the purpose of receiving and performing a specific government contract.

Updated on
September 9, 2022
Published on
June 20, 2018
The 7(a) Loan Program, SBA’s most common loan program, includes assistance for each business with unique needs.
SBA 504 loans are very popular for long-term, fixed rate financing of up to $5 million for major fixed assets.
The average Microloan is about $13,000. The Microloans program provides loans up to $50,000 to small businesses.
SBA Glossary

Common SBA Terms

Everything you need to know about common terms used to discuss SBA Loans.
Injury Analysis
Measures the effects of...
Working Capital (WC)
The amount of current assets that...
Acquisition
The acquiring of supplies or...
Intermediary Organization
Organizations that play a funda...
Contracting
Purchasing, renting, leasing, or...
Economic Injury Disaster Loan (EIDL)
a working capital loan that...
Mentor
A business, usually large, or...
Normal Gross Margin
The margin that would have been...
Trend Analysis
A comparative analysis of...
Capital Leases
are for the purchase of fixed assets such as...
Phase 1
Process used to determine the...
Liabilities
A financial obligation...
Adjusted Net Worth
Post disaster fair market value of tangible...
Cash Flow Test
Part of the CET that determines if...
Partnering
A mutually beneficial business-to-bus...

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