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.
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SBA Glossary

Common SBA Terms

Everything you need to know about common terms used to discuss SBA Loans.
Substantial Damage
This means uninsured or otherwise uncompensated...
Intermediary Organization
Organizations that play a funda...
Comparative Analysis
Is designed to point out significant trends that...
SCORE
Counselors to America's Small Bus...
Contracting Officer
A person with the authority to...
Operating Leases
are deducted on the company’s...
Joint Venture
In the SBA Mentor-Protégé Program...
Small Business Innovative Research (SBIR) Contract
A type of contract designed to...
Principal
the owner(s) of the Applicant Entity that...
B/E (Business EIDL) Loan
A business loan that...
Corporation (C-corp.)
The most common form of business org...
Affiliated Group
When two or more...
Prime Contract
A contract awarded directly...
Injury Analysis
Measures the effects of...
Available Asset Test
Part of the CET that determines if an applicant(s) has...

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