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.
Defense Contractor
Any person who enters into...
Operating Leases
are deducted on the company’s...
Contractor Team Arrangement
An arrangement in which...
Current Liabilities
A balance sheet item, which...
Certificate of Competency
A certificate issued by the Small Bus...
Break-even Analysis
A calculation of the approximate sales...
Small Business Innovative Research (SBIR) Contract
A type of contract designed to...
Normal Annual Sales
Those sales that would have...
Protégé
A firm in a developmental stage that...
Limited Liability Entities (company/partnership)
An LLE provides business owners with...
NAICS
NAICS codes are common...
SAE (Stand Alone Economic Injury Disaster Loan)
provide necessary working capital to...
Prime Contract
A contract awarded directly...
Federal Acquisition Regulation (FAR)
The body of regulations which is...
Days Payable
A measure of the average time a...

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