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.
Available Asset Test
Part of the CET that determines if an applicant(s) has...
Hardship Waiver
Method used to approve a...
Standard Industrial Classification (SIC) Code
A code representing a category within...
Contracting
Purchasing, renting, leasing, or...
Joint Venture
In the SBA Mentor-Protégé Program...
Principal
the owner(s) of the Applicant Entity that...
Injury Period
The time period during...
Trend Analysis
A comparative analysis of...
Extraordinary Items
Additional expenses that are...
Guarantor
The legal entity and...
Fair and Reasonable Price
A price that is fair to both parties...
Days Payable
A measure of the average time a...
SAE (Stand Alone Economic Injury Disaster Loan)
provide necessary working capital to...
P&L (Profit and Loss Statement)
also considered as Income Statement or...
S-Corporation
A form of corporation, allowed by...

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