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.
Duplicated Interest
The amount of interest exp...
Credit Elsewhere Test (CET)
The test to determine the...
NAICS
NAICS codes are common...
Cash Available to Service Additional Debt (CASAD)
The cash flow determined that...
Companion File
When an applicant has another application filed...
Joint Venture
In the SBA Mentor-Protégé Program...
B/E (Business EIDL) Loan
A business loan that...
Applicant/Co-Applicant
Business entity and person requesting...
Current Liabilities
A balance sheet item, which...
Sole Proprietor
an individual who...
Defense Acquisition Regulatory Council (DARC)
A group composed of rep...
Normal Annual Sales
Those sales that would have...
Credit Score Test
Part of the home loan CET show a...
Coastal Barrier Resource Area (COBRA)
A flood prone area in which...
Current Assets
A balance sheet item which equals...

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