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.
Coastal Barrier Resource Area (COBRA)
A flood prone area in which...
Joint Venture
In the SBA Mentor-Protégé Program...
Contracting Officer
A person with the authority to...
Standard Industrial Classification (SIC) Code
A code representing a category within...
Defense Acquisition Regulatory Council (DARC)
A group composed of rep...
Comparative Analysis
Is designed to point out significant trends that...
Extraordinary Items
Additional expenses that are...
Adjusted Net Worth
Post disaster fair market value of tangible...
Contracting
Purchasing, renting, leasing, or...
Protégé
A firm in a developmental stage that...
Subcontract
A contract between a prime cont...
Limited Liability Entities (company/partnership)
An LLE provides business owners with...
Injury Period
The time period during...
Best and Final Offer
For negotiated procurements...
Assets
The amount of current assets that is left...

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