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.
Mentor
A business, usually large, or...
Accrual Basis Accounting
recognizes revenues when earned and expenses are...
Corporation (C-corp.)
The most common form of business org...
Lien
A legal claim against an...
Days Payable
A measure of the average time a...
Limited Partnership
A business organization with one or...
Comparative Analysis
Is designed to point out significant trends that...
Partnership
A type of unincorporated business org...
Economic Injury Disaster Loan (EIDL)
a working capital loan that...
Full and Open Competition
With respect to a contract action...
Affiliate
Business concerns are affiliates if one concern...
Contracting Officer
A person with the authority to...
Contract
A mutually binding legal rel..
Negotiation
Contracting through the use of...
Joint Venture
In the SBA Mentor-Protégé Program...

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