Glossary
SBA Terms

Contracting Officer

A person with the authority to enter into, administer, and/or terminate contracts and make related determinations and findings.

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.
Collateral
Assets pledged by a borrower to secure a loan...
Equity
An accounting term used to...
Break-even Analysis
A calculation of the approximate sales...
Comparative Analysis
Is designed to point out significant trends that...
Coastal Barrier Resource Area (COBRA)
A flood prone area in which...
Negotiation
Contracting through the use of...
P&L (Profit and Loss Statement)
also considered as Income Statement or...
Depreciation
A non-cash operating expense that...
Prime Contract
A contract awarded directly...
Best and Final Offer
For negotiated procurements...
Applicant Entity
The business entity requesting...
S-Corporation
A form of corporation, allowed by...
Cash Available to Service Additional Debt (CASAD)
The cash flow determined that...
Partnership
A type of unincorporated business org...
Applicant Individual
aka who is requesting an SBA loan...

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