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.
SCORE
Counselors to America's Small Bus...
Companion File
When an applicant has another application filed...
Hardship Waiver
Method used to approve a...
Affiliates
Business concerns, organizations, or...
Negotiation
Contracting through the use of...
Standard Industrial Classification (SIC) Code
A code representing a category within...
Depreciation
A non-cash operating expense that...
Projection
An estimate of future economic or...
Current Liabilities
A balance sheet item, which...
Days Receivable
A measure of the average time a...
Contracting Officer
A person with the authority to...
Corporation (C-corp.)
The most common form of business org...
Limited Partnership
A business organization with one or...
Cash Available to Service Additional Debt (CASAD)
The cash flow determined that...
Primary Activity
The major business activity of...

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