Glossary
SBA Terms

Contract

A mutually binding legal relationship obligating the seller to furnish supplies or services (including construction) and the buyer to pay for them.

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.
Credit Elsewhere Test (CET)
The test to determine the...
Applicant Entity
The business entity requesting...
Amortization
A non-cash operating expense that...
Request for Proposal (RFP)
A document outlining a...
Assets
The amount of current assets that is left...
Cash Available to Service Additional Debt (CASAD)
The cash flow determined that...
Subcontract
A contract between a prime cont...
Duplicated Interest
The amount of interest exp...
GPM%
The measure of every sales dollar left...
Trend Analysis
A comparative analysis of...
Lien
A legal claim against an...
Contracting Officer
A person with the authority to...
Partnering
A mutually beneficial business-to-bus...
Days Payable
A measure of the average time a...
Guarantor
The legal entity and...

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