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.
Certificate of Competency
A certificate issued by the Small Bus...
Credit Score Test
Part of the home loan CET show a...
Partnering
A mutually beneficial business-to-bus...
Comparative Analysis
Is designed to point out significant trends that...
Affiliate
Business concerns are affiliates if one concern...
Coastal Barrier Resource Area (COBRA)
A flood prone area in which...
Small Business Innovative Research (SBIR) Contract
A type of contract designed to...
Normal Annual Sales
Those sales that would have...
Limited Liability Entities (company/partnership)
An LLE provides business owners with...
Defense Acquisition Regulatory Council (DARC)
A group composed of rep...
SAE (Stand Alone Economic Injury Disaster Loan)
provide necessary working capital to...
Negotiation
Contracting through the use of...
Sole Proprietor
an individual who...
Principal
the owner(s) of the Applicant Entity that...
Phase 1
Process used to determine the...

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