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.
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SBA Microloans

The average Microloan is about $13,000. The Microloans program provides loans up to $50,000 to small businesses.
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SBA Glossary

Common SBA Terms

Everything you need to know about common terms used to discuss SBA Loans.
Working Capital (WC)
The amount of current assets that...
Capital Leases
are for the purchase of fixed assets such as...
S-Corporation
A form of corporation, allowed by...
Federal Acquisition Regulation (FAR)
The body of regulations which is...
Balance Sheet or Statement of Financial Position
Assets = Liabilities + Equity...
Contractor Team Arrangement
An arrangement in which...
Normal Gross Margin
The margin that would have been...
Corporation (C-corp.)
The most common form of business org...
Emerging Small Business
A small business concern whose...
Collateral
Assets pledged by a borrower to secure a loan...
Phase 1
Process used to determine the...
Small Business Innovative Research (SBIR) Contract
A type of contract designed to...
Cash Available to Service Additional Debt (CASAD)
The cash flow determined that...
Limited Liability Entities (company/partnership)
An LLE provides business owners with...
Extraordinary Items
Additional expenses that are...

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