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...
S-Corporation
A form of corporation, allowed by...
B/E (Business EIDL) Loan
A business loan that...
SCORE
Counselors to America's Small Bus...
Hardship Waiver
Method used to approve a...
Phase 2
Process to be used to determine economic injury for...
Cash Available to Service Additional Debt (CASAD)
The cash flow determined that...
Duplicated Interest
The amount of interest exp...
Contract
A mutually binding legal rel..
Income Statement
Shows the entity’s income and...
Working Capital (WC)
The amount of current assets that...
Partnering
A mutually beneficial business-to-bus...
DBA
ex. Blocker & Sons LLC, doing business as Bob's Burgers
Adjusted Net Worth
Post disaster fair market value of tangible...
Protégé
A firm in a developmental stage that...

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