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.
Explore 504 loans

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.
Guarantor
The legal entity and...
Operating Leases
are deducted on the company’s...
Subsidiary
A company for which a majority of the...
Coastal Barrier Resource Area (COBRA)
A flood prone area in which...
Small Business Innovative Research (SBIR) Contract
A type of contract designed to...
Cash-basis Accounting
records revenue when cash is...
Applicant Entity
The business entity requesting...
Phase 2
Process to be used to determine economic injury for...
Available Asset Test
Part of the CET that determines if an applicant(s) has...
Injury Period
The time period during...
Corporation (C-corp.)
The most common form of business org...
Subcontract
A contract between a prime cont...
Negotiation
Contracting through the use of...
Affiliates
Business concerns, organizations, or...
DBA
ex. Blocker & Sons LLC, doing business as Bob's Burgers

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