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.
Coastal Barrier Resource Area (COBRA)
A flood prone area in which...
Limited Partnership
A business organization with one or...
Subsidiary
A company for which a majority of the...
Contract
A mutually binding legal rel..
Limited Liability Entities (company/partnership)
An LLE provides business owners with...
Hardship Waiver
Method used to approve a...
Injury Analysis
Measures the effects of...
Small Disadvantaged Business Concern
A small business concern that...
Cash-basis Accounting
records revenue when cash is...
Companion File
When an applicant has another application filed...
Corporation (C-corp.)
The most common form of business org...
Extraordinary Items
Additional expenses that are...
S-Corporation
A form of corporation, allowed by...
Defense Acquisition Regulatory Council (DARC)
A group composed of rep...
Applicant Entity
The business entity requesting...

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