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.
Collateral
Assets pledged by a borrower to secure a loan...
Principal
the owner(s) of the Applicant Entity that...
Certificate of Competency
A certificate issued by the Small Bus...
Small Business
A business smaller than...
Applicant Individual
aka who is requesting an SBA loan...
Request for Proposal (RFP)
A document outlining a...
Coastal Barrier Resource Area (COBRA)
A flood prone area in which...
Break-even Analysis
A calculation of the approximate sales...
Comparative Analysis
Is designed to point out significant trends that...
Mentor
A business, usually large, or...
Days Receivable
A measure of the average time a...
Acquisition
The acquiring of supplies or...
Credit Score Test
Part of the home loan CET show a...
Companion File
When an applicant has another application filed...
Intermediary Organization
Organizations that play a funda...

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