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.
Defense Acquisition Regulatory Council (DARC)
A group composed of rep...
Contractor Team Arrangement
An arrangement in which...
Standard Industrial Classification (SIC) Code
A code representing a category within...
Partnering
A mutually beneficial business-to-bus...
Capital Leases
are for the purchase of fixed assets such as...
Loan Authorization and Agreement (LA&A)
A contract between SBA and the borrower that...
Small Business Innovative Research (SBIR) Contract
A type of contract designed to...
Liabilities
A financial obligation...
Primary Activity
The major business activity of...
Guarantor
The legal entity and...
Trend Analysis
A comparative analysis of...
Fair and Reasonable Price
A price that is fair to both parties...
Business Activity
The business (or loss) activity of...
Credit Score Test
Part of the home loan CET show a...
Small Business
A business smaller than...

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