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.
Cash Flow Test
Part of the CET that determines if...
SCORE
Counselors to America's Small Bus...
GPM%
The measure of every sales dollar left...
Working Capital (WC)
The amount of current assets that...
Certified 8(a) Firm
A firm owned and operated by socially and...
Small Business Development Centers (SBDC)
SBDCs offer a broad spec...
Collateral
Assets pledged by a borrower to secure a loan...
Lien
A legal claim against an...
Contracting
Purchasing, renting, leasing, or...
Operating Leases
are deducted on the company’s...
Credit Elsewhere Test (CET)
The test to determine the...
Equity
An accounting term used to...
NAICS
NAICS codes are common...
Cash Available to Service Additional Debt (CASAD)
The cash flow determined that...
Small Business Innovative Research (SBIR) Contract
A type of contract designed to...

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