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.
Economic Injury Disaster Loan (EIDL)
a working capital loan that...
Certificate of Competency
A certificate issued by the Small Bus...
Depreciation
A non-cash operating expense that...
Corporation (C-corp.)
The most common form of business org...
Comparative Analysis
Is designed to point out significant trends that...
Limited Partnership
A business organization with one or...
Partnering
A mutually beneficial business-to-bus...
Guarantor
The legal entity and...
Operating Leases
are deducted on the company’s...
Contracting Officer
A person with the authority to...
Protégé
A firm in a developmental stage that...
Small Business
A business smaller than...
Days Receivable
A measure of the average time a...
Mentor
A business, usually large, or...
Cash Flow Test
Part of the CET that determines if...

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