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.
Normal Gross Margin
The margin that would have been...
Affiliates
Business concerns, organizations, or...
Acquisition
The acquiring of supplies or...
Small Disadvantaged Business Concern
A small business concern that...
Liabilities
A financial obligation...
Applicant Entity
The business entity requesting...
Negotiation
Contracting through the use of...
Working Capital (WC)
The amount of current assets that...
Defense Acquisition Regulatory Council (DARC)
A group composed of rep...
Physical Loans
Funds to repair/replace dis...
Contract
A mutually binding legal rel..
Guarantor
The legal entity and...
Injury Analysis
Measures the effects of...
NAICS
NAICS codes are common...
Balance Sheet or Statement of Financial Position
Assets = Liabilities + Equity...

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