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...
Phase 2
Process to be used to determine economic injury for...
Equity
An accounting term used to...
Defense Contractor
Any person who enters into...
Partnering
A mutually beneficial business-to-bus...
Normal Annual Sales
Those sales that would have...
Contract
A mutually binding legal rel..
Assets
The amount of current assets that is left...
Operating Leases
are deducted on the company’s...
Income Statement
Shows the entity’s income and...
Working Capital (WC)
The amount of current assets that...
Small Business Innovative Research (SBIR) Contract
A type of contract designed to...
Mentor
A business, usually large, or...
Affiliated Group
When two or more...
Business Activity
The business (or loss) activity of...

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