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...
Guarantor
The legal entity and...
Balance Sheet or Statement of Financial Position
Assets = Liabilities + Equity...
Available Asset Test
Part of the CET that determines if an applicant(s) has...
Injury Analysis
Measures the effects of...
Certificate of Competency
A certificate issued by the Small Bus...
Certified 8(a) Firm
A firm owned and operated by socially and...
Credit Score Test
Part of the home loan CET show a...
GPM%
The measure of every sales dollar left...
Contract
A mutually binding legal rel..
Depreciation
A non-cash operating expense that...
Contractor Team Arrangement
An arrangement in which...
Current Liabilities
A balance sheet item, which...
Mentor
A business, usually large, or...
Business Activity
The business (or loss) activity of...

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