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.
Contract
A mutually binding legal rel..
Current Assets
A balance sheet item which equals...
S-Corporation
A form of corporation, allowed by...
Acquisition
The acquiring of supplies or...
Defense Contractor
Any person who enters into...
Days Receivable
A measure of the average time a...
Partnering
A mutually beneficial business-to-bus...
Cash Flow Test
Part of the CET that determines if...
Subsidiary
A company for which a majority of the...
Collateral
Assets pledged by a borrower to secure a loan...
Economic Injury Disaster Loan (EIDL)
a working capital loan that...
Amortization
A non-cash operating expense that...
Coastal Barrier Resource Area (COBRA)
A flood prone area in which...
Emerging Small Business
A small business concern whose...
Days Payable
A measure of the average time a...

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