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.
Prime Contract
A contract awarded directly...
Corporation (C-corp.)
The most common form of business org...
Capital Leases
are for the purchase of fixed assets such as...
Electronic Data Interchange
Transmission of information bet...
Subsidiary
A company for which a majority of the...
Best and Final Offer
For negotiated procurements...
Small Business
A business smaller than...
Comparative Analysis
Is designed to point out significant trends that...
Applicant Individual
aka who is requesting an SBA loan...
Cash-basis Accounting
records revenue when cash is...
Amortization
A non-cash operating expense that...
Fair and Reasonable Price
A price that is fair to both parties...
Contracting
Purchasing, renting, leasing, or...
Contractor Team Arrangement
An arrangement in which...
Protégé
A firm in a developmental stage that...

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