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.
Subcontract
A contract between a prime cont...
Loan Authorization and Agreement (LA&A)
A contract between SBA and the borrower that...
Contractor Team Arrangement
An arrangement in which...
Schedule of Liabilities
A business debt schedule that lists all of the debts...
Equity
An accounting term used to...
GPM%
The measure of every sales dollar left...
Injury Period
The time period during...
Available Asset Test
Part of the CET that determines if an applicant(s) has...
Small Disadvantaged Business Concern
A small business concern that...
Principal
the owner(s) of the Applicant Entity that...
DBA
ex. Blocker & Sons LLC, doing business as Bob's Burgers
Injury Analysis
Measures the effects of...
Applicant/Co-Applicant
Business entity and person requesting...
Duplicated Interest
The amount of interest exp...
Joint Venture
In the SBA Mentor-Protégé Program...

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