Glossary
SBA Terms

Certified 8(a) Firm

A firm owned and operated by socially and economically disadvantaged individuals and eligible to receive federal contracts under the Small Business Administration’s 8(a) Business Development Program.

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.
Working Capital (WC)
The amount of current assets that...
Limited Partnership
A business organization with one or...
Lien
A legal claim against an...
Mentor
A business, usually large, or...
Companion File
When an applicant has another application filed...
Partnering
A mutually beneficial business-to-bus...
Primary Activity
The major business activity of...
Credit Elsewhere Test (CET)
The test to determine the...
Emerging Small Business
A small business concern whose...
Extraordinary Items
Additional expenses that are...
Adjusted Net Worth
Post disaster fair market value of tangible...
Normal Annual Sales
Those sales that would have...
Corporation (C-corp.)
The most common form of business org...
Sole Proprietor
an individual who...
Defense Acquisition Regulatory Council (DARC)
A group composed of rep...

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