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.
Explore microloans
SBA Glossary

Common SBA Terms

Everything you need to know about common terms used to discuss SBA Loans.
Amortization
A non-cash operating expense that...
Affiliates
Business concerns, organizations, or...
Acquisition
The acquiring of supplies or...
Small Business
A business smaller than...
Injury Analysis
Measures the effects of...
Affiliated Group
When two or more...
Current Assets
A balance sheet item which equals...
Certified 8(a) Firm
A firm owned and operated by socially and...
Full and Open Competition
With respect to a contract action...
Contract
A mutually binding legal rel..
Duplicated Interest
The amount of interest exp...
Standard Industrial Classification (SIC) Code
A code representing a category within...
Intermediary Organization
Organizations that play a funda...
Applicant/Co-Applicant
Business entity and person requesting...
Mentor
A business, usually large, or...

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