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.
Projection
An estimate of future economic or...
Lien
A legal claim against an...
Federal Acquisition Regulation (FAR)
The body of regulations which is...
Break-even Analysis
A calculation of the approximate sales...
Injury Analysis
Measures the effects of...
Small Disadvantaged Business Concern
A small business concern that...
DBA
ex. Blocker & Sons LLC, doing business as Bob's Burgers
Electronic Data Interchange
Transmission of information bet...
Income Statement
Shows the entity’s income and...
Balance Sheet or Statement of Financial Position
Assets = Liabilities + Equity...
Acquisition
The acquiring of supplies or...
Current Assets
A balance sheet item which equals...
Days Receivable
A measure of the average time a...
P&L (Profit and Loss Statement)
also considered as Income Statement or...
Certificate of Competency
A certificate issued by the Small Bus...

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