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.
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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.
Joint Venture
In the SBA Mentor-Protégé Program...
Electronic Data Interchange
Transmission of information bet...
Assets
The amount of current assets that is left...
Adjusted Net Worth
Post disaster fair market value of tangible...
Economic Injury Disaster Loan (EIDL)
a working capital loan that...
Trend Analysis
A comparative analysis of...
Cash Flow Test
Part of the CET that determines if...
Small Business Innovative Research (SBIR) Contract
A type of contract designed to...
Capital Leases
are for the purchase of fixed assets such as...
Federal Acquisition Regulation (FAR)
The body of regulations which is...
Normal Gross Margin
The margin that would have been...
Available Asset Test
Part of the CET that determines if an applicant(s) has...
Subcontract
A contract between a prime cont...
Hardship Waiver
Method used to approve a...
SAE (Stand Alone Economic Injury Disaster Loan)
provide necessary working capital to...

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