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.
Applicant Individual
aka who is requesting an SBA loan...
Small Disadvantaged Business Concern
A small business concern that...
Days Receivable
A measure of the average time a...
Emerging Small Business
A small business concern whose...
Cash Available to Service Additional Debt (CASAD)
The cash flow determined that...
Normal Gross Margin
The margin that would have been...
Cash Flow Test
Part of the CET that determines if...
Request for Proposal (RFP)
A document outlining a...
Prime Contract
A contract awarded directly...
Subsidiary
A company for which a majority of the...
Acquisition
The acquiring of supplies or...
Current Liabilities
A balance sheet item, which...
Trend Analysis
A comparative analysis of...
Comparative Analysis
Is designed to point out significant trends that...
Contracting Officer
A person with the authority to...

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