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-basis Accounting
records revenue when cash is...
Injury Period
The time period during...
Trend Analysis
A comparative analysis of...
Best and Final Offer
For negotiated procurements...
Contractor Team Arrangement
An arrangement in which...
Negotiation
Contracting through the use of...
Certified 8(a) Firm
A firm owned and operated by socially and...
Affiliate
Business concerns are affiliates if one concern...
Contracting
Purchasing, renting, leasing, or...
Affiliates
Business concerns, organizations, or...
Corporation (C-corp.)
The most common form of business org...
Credit Elsewhere Test (CET)
The test to determine the...
Working Capital (WC)
The amount of current assets that...
Economic Injury Disaster Loan (EIDL)
a working capital loan that...
Current Assets
A balance sheet item which equals...

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