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.
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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.
Subcontract
A contract between a prime cont...
Primary Activity
The major business activity of...
Business Activity
The business (or loss) activity of...
Companion File
When an applicant has another application filed...
Guarantor
The legal entity and...
Liabilities
A financial obligation...
Small Business
A business smaller than...
Depreciation
A non-cash operating expense that...
Affiliates
Business concerns, organizations, or...
Federal Acquisition Regulation (FAR)
The body of regulations which is...
Affiliated Group
When two or more...
Cash Available to Service Additional Debt (CASAD)
The cash flow determined that...
Break-even Analysis
A calculation of the approximate sales...
Full and Open Competition
With respect to a contract action...
NAICS
NAICS codes are common...

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