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.
NAICS
NAICS codes are common...
Cash-basis Accounting
records revenue when cash is...
Fair and Reasonable Price
A price that is fair to both parties...
Certified 8(a) Firm
A firm owned and operated by socially and...
Guarantor
The legal entity and...
Applicant Entity
The business entity requesting...
Days Receivable
A measure of the average time a...
Economic Injury Disaster Loan (EIDL)
a working capital loan that...
Available Asset Test
Part of the CET that determines if an applicant(s) has...
B/E (Business EIDL) Loan
A business loan that...
Applicant Individual
aka who is requesting an SBA loan...
Duplicated Interest
The amount of interest exp...
S-Corporation
A form of corporation, allowed by...
Lien
A legal claim against an...
Protégé
A firm in a developmental stage that...

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