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.
Capital Leases
are for the purchase of fixed assets such as...
Limited Partnership
A business organization with one or...
Trend Analysis
A comparative analysis of...
Income Statement
Shows the entity’s income and...
Available Asset Test
Part of the CET that determines if an applicant(s) has...
Small Business
A business smaller than...
Assets
The amount of current assets that is left...
Affiliate
Business concerns are affiliates if one concern...
Partnering
A mutually beneficial business-to-bus...
Days Payable
A measure of the average time a...
Normal Gross Margin
The margin that would have been...
Contracting
Purchasing, renting, leasing, or...
Extraordinary Items
Additional expenses that are...
Applicant Individual
aka who is requesting an SBA loan...
Contractor Team Arrangement
An arrangement in which...

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