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.
Contracting Officer
A person with the authority to...
Substantial Damage
This means uninsured or otherwise uncompensated...
Defense Contractor
Any person who enters into...
Contractor Team Arrangement
An arrangement in which...
Depreciation
A non-cash operating expense that...
SCORE
Counselors to America's Small Bus...
S-Corporation
A form of corporation, allowed by...
GPM%
The measure of every sales dollar left...
Coastal Barrier Resource Area (COBRA)
A flood prone area in which...
Acquisition
The acquiring of supplies or...
Applicant Individual
aka who is requesting an SBA loan...
Emerging Small Business
A small business concern whose...
Guarantor
The legal entity and...
Economic Injury Disaster Loan (EIDL)
a working capital loan that...
Physical Loans
Funds to repair/replace dis...

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