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.
Normal Gross Margin
The margin that would have been...
Corporation (C-corp.)
The most common form of business org...
Sole Proprietor
an individual who...
Certificate of Competency
A certificate issued by the Small Bus...
SCORE
Counselors to America's Small Bus...
Affiliates
Business concerns, organizations, or...
Assets
The amount of current assets that is left...
Limited Partnership
A business organization with one or...
Protégé
A firm in a developmental stage that...
Trend Analysis
A comparative analysis of...
Partnership
A type of unincorporated business org...
Affiliated Group
When two or more...
Working Capital (WC)
The amount of current assets that...
Equity
An accounting term used to...
Current Liabilities
A balance sheet item, which...

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