Glossary
SBA Terms

Companion File

When an applicant, affiliate, and/or principal has another application filed for the same disaster for separate damages.

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.
Certified 8(a) Firm
A firm owned and operated by socially and...
Joint Venture
In the SBA Mentor-Protégé Program...
NAICS
NAICS codes are common...
Capital Leases
are for the purchase of fixed assets such as...
Small Business Innovative Research (SBIR) Contract
A type of contract designed to...
Request for Proposal (RFP)
A document outlining a...
Fair and Reasonable Price
A price that is fair to both parties...
Partnership
A type of unincorporated business org...
Limited Liability Entities (company/partnership)
An LLE provides business owners with...
Defense Contractor
Any person who enters into...
Credit Score Test
Part of the home loan CET show a...
Sole Proprietor
an individual who...
Cash-basis Accounting
records revenue when cash is...
Electronic Data Interchange
Transmission of information bet...
Contractor Team Arrangement
An arrangement in which...

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