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
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.
Companion File
When an applicant has another application filed...
Capital Leases
are for the purchase of fixed assets such as...
Small Disadvantaged Business Concern
A small business concern that...
Sole Proprietor
an individual who...
DBA
ex. Blocker & Sons LLC, doing business as Bob's Burgers
Collateral
Assets pledged by a borrower to secure a loan...
Certificate of Competency
A certificate issued by the Small Bus...
Liabilities
A financial obligation...
Loan Authorization and Agreement (LA&A)
A contract between SBA and the borrower that...
Lien
A legal claim against an...
Hardship Waiver
Method used to approve a...
Cash-basis Accounting
records revenue when cash is...
Best and Final Offer
For negotiated procurements...
Amortization
A non-cash operating expense that...
Days Payable
A measure of the average time a...

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