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.
Phase 2
Process to be used to determine economic injury for...
Business Activity
The business (or loss) activity of...
Negotiation
Contracting through the use of...
Projection
An estimate of future economic or...
Request for Proposal (RFP)
A document outlining a...
Cash Flow Test
Part of the CET that determines if...
Collateral
Assets pledged by a borrower to secure a loan...
Full and Open Competition
With respect to a contract action...
Defense Acquisition Regulatory Council (DARC)
A group composed of rep...
Standard Industrial Classification (SIC) Code
A code representing a category within...
Principal
the owner(s) of the Applicant Entity that...
GPM%
The measure of every sales dollar left...
Days Receivable
A measure of the average time a...
Capital Leases
are for the purchase of fixed assets such as...
Hardship Waiver
Method used to approve a...

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