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.
Mentor
A business, usually large, or...
Current Liabilities
A balance sheet item, which...
Phase 1
Process used to determine the...
Sole Proprietor
an individual who...
Partnering
A mutually beneficial business-to-bus...
SAE (Stand Alone Economic Injury Disaster Loan)
provide necessary working capital to...
Depreciation
A non-cash operating expense that...
Equity
An accounting term used to...
Partnership
A type of unincorporated business org...
S-Corporation
A form of corporation, allowed by...
Affiliate
Business concerns are affiliates if one concern...
NAICS
NAICS codes are common...
Injury Period
The time period during...
Operating Leases
are deducted on the company’s...
P&L (Profit and Loss Statement)
also considered as Income Statement or...

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