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.
Small Business
A business smaller than...
Corporation (C-corp.)
The most common form of business org...
Capital Leases
are for the purchase of fixed assets such as...
Normal Gross Margin
The margin that would have been...
Cash Flow Test
Part of the CET that determines if...
Primary Activity
The major business activity of...
Intermediary Organization
Organizations that play a funda...
Acquisition
The acquiring of supplies or...
Economic Injury Disaster Loan (EIDL)
a working capital loan that...
Income Statement
Shows the entity’s income and...
Cash-basis Accounting
records revenue when cash is...
Working Capital (WC)
The amount of current assets that...
Small Business Development Centers (SBDC)
SBDCs offer a broad spec...
B/E (Business EIDL) Loan
A business loan that...
Request for Proposal (RFP)
A document outlining a...

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