Glossary
SBA Terms

DBA

Doing Business As - generally a trade name such as “Bob’s Burgers” is used, instead of the legal name of Blocker & Sons LLC.

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.
Explore 504 loans

SBA Microloans

The average Microloan is about $13,000. The Microloans program provides loans up to $50,000 to small businesses.
Explore microloans
SBA Glossary

Common SBA Terms

Everything you need to know about common terms used to discuss SBA Loans.
Partnering
A mutually beneficial business-to-bus...
Projection
An estimate of future economic or...
Small Business Innovative Research (SBIR) Contract
A type of contract designed to...
Prime Contract
A contract awarded directly...
Credit Elsewhere Test (CET)
The test to determine the...
Small Business Development Centers (SBDC)
SBDCs offer a broad spec...
Companion File
When an applicant has another application filed...
Fair and Reasonable Price
A price that is fair to both parties...
Defense Acquisition Regulatory Council (DARC)
A group composed of rep...
Physical Loans
Funds to repair/replace dis...
Depreciation
A non-cash operating expense that...
Balance Sheet or Statement of Financial Position
Assets = Liabilities + Equity...
Substantial Damage
This means uninsured or otherwise uncompensated...
Phase 2
Process to be used to determine economic injury for...
Operating Leases
are deducted on the company’s...

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