Glossary
SBA Terms

Defense Contractor

Any person who enters into a contract with the United States for the production of material or for the performance of services for the national defense.

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.
Emerging Small Business
A small business concern whose...
Certificate of Competency
A certificate issued by the Small Bus...
Adjusted Net Worth
Post disaster fair market value of tangible...
Accrual Basis Accounting
recognizes revenues when earned and expenses are...
Sole Proprietor
an individual who...
Limited Partnership
A business organization with one or...
Applicant Individual
aka who is requesting an SBA loan...
Schedule of Liabilities
A business debt schedule that lists all of the debts...
Federal Acquisition Regulation (FAR)
The body of regulations which is...
Equity
An accounting term used to...
Full and Open Competition
With respect to a contract action...
Applicant/Co-Applicant
Business entity and person requesting...
Partnership
A type of unincorporated business org...
Cash Available to Service Additional Debt (CASAD)
The cash flow determined that...
Normal Annual Sales
Those sales that would have...

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