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.
Affiliated Group
When two or more...
Primary Activity
The major business activity of...
Injury Period
The time period during...
Collateral
Assets pledged by a borrower to secure a loan...
Certificate of Competency
A certificate issued by the Small Bus...
Companion File
When an applicant has another application filed...
Full and Open Competition
With respect to a contract action...
Assets
The amount of current assets that is left...
Injury Analysis
Measures the effects of...
Trend Analysis
A comparative analysis of...
Partnership
A type of unincorporated business org...
Capital Leases
are for the purchase of fixed assets such as...
Phase 2
Process to be used to determine economic injury for...
Schedule of Liabilities
A business debt schedule that lists all of the debts...
Normal Gross Margin
The margin that would have been...

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