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.
B/E (Business EIDL) Loan
A business loan that...
Contractor Team Arrangement
An arrangement in which...
Extraordinary Items
Additional expenses that are...
Contracting Officer
A person with the authority to...
Request for Proposal (RFP)
A document outlining a...
Defense Acquisition Regulatory Council (DARC)
A group composed of rep...
Primary Activity
The major business activity of...
P&L (Profit and Loss Statement)
also considered as Income Statement or...
Partnership
A type of unincorporated business org...
Applicant/Co-Applicant
Business entity and person requesting...
Applicant Individual
aka who is requesting an SBA loan...
Injury Analysis
Measures the effects of...
Partnering
A mutually beneficial business-to-bus...
S-Corporation
A form of corporation, allowed by...
Corporation (C-corp.)
The most common form of business org...

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