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.
Limited Liability Entities (company/partnership)
An LLE provides business owners with...
Request for Proposal (RFP)
A document outlining a...
Certified 8(a) Firm
A firm owned and operated by socially and...
Lien
A legal claim against an...
Federal Acquisition Regulation (FAR)
The body of regulations which is...
Projection
An estimate of future economic or...
Protégé
A firm in a developmental stage that...
Defense Acquisition Regulatory Council (DARC)
A group composed of rep...
Negotiation
Contracting through the use of...
GPM%
The measure of every sales dollar left...
Business Activity
The business (or loss) activity of...
Hardship Waiver
Method used to approve a...
Small Business
A business smaller than...
Principal
the owner(s) of the Applicant Entity that...
Working Capital (WC)
The amount of current assets that...

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