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.
Full and Open Competition
With respect to a contract action...
Best and Final Offer
For negotiated procurements...
B/E (Business EIDL) Loan
A business loan that...
SAE (Stand Alone Economic Injury Disaster Loan)
provide necessary working capital to...
Defense Acquisition Regulatory Council (DARC)
A group composed of rep...
Trend Analysis
A comparative analysis of...
Standard Industrial Classification (SIC) Code
A code representing a category within...
Affiliates
Business concerns, organizations, or...
Partnership
A type of unincorporated business org...
Current Liabilities
A balance sheet item, which...
Phase 2
Process to be used to determine economic injury for...
Injury Period
The time period during...
Applicant Individual
aka who is requesting an SBA loan...
Affiliate
Business concerns are affiliates if one concern...
Depreciation
A non-cash operating expense that...

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