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.
Depreciation
A non-cash operating expense that...
Principal
the owner(s) of the Applicant Entity that...
Request for Proposal (RFP)
A document outlining a...
Capital Leases
are for the purchase of fixed assets such as...
Applicant/Co-Applicant
Business entity and person requesting...
NAICS
NAICS codes are common...
Projection
An estimate of future economic or...
Protégé
A firm in a developmental stage that...
Injury Period
The time period during...
Substantial Damage
This means uninsured or otherwise uncompensated...
Cash Available to Service Additional Debt (CASAD)
The cash flow determined that...
Affiliate
Business concerns are affiliates if one concern...
Available Asset Test
Part of the CET that determines if an applicant(s) has...
Federal Acquisition Regulation (FAR)
The body of regulations which is...
Guarantor
The legal entity and...

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