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.
Partnering
A mutually beneficial business-to-bus...
Injury Period
The time period during...
Projection
An estimate of future economic or...
Schedule of Liabilities
A business debt schedule that lists all of the debts...
Standard Industrial Classification (SIC) Code
A code representing a category within...
Primary Activity
The major business activity of...
Substantial Damage
This means uninsured or otherwise uncompensated...
Full and Open Competition
With respect to a contract action...
Current Assets
A balance sheet item which equals...
S-Corporation
A form of corporation, allowed by...
Applicant/Co-Applicant
Business entity and person requesting...
Adjusted Net Worth
Post disaster fair market value of tangible...
Subsidiary
A company for which a majority of the...
Contracting
Purchasing, renting, leasing, or...
Capital Leases
are for the purchase of fixed assets such as...

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