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.
Cash Flow Test
Part of the CET that determines if...
Sole Proprietor
an individual who...
Phase 1
Process used to determine the...
Duplicated Interest
The amount of interest exp...
Small Disadvantaged Business Concern
A small business concern that...
SAE (Stand Alone Economic Injury Disaster Loan)
provide necessary working capital to...
Accrual Basis Accounting
recognizes revenues when earned and expenses are...
Applicant/Co-Applicant
Business entity and person requesting...
Normal Annual Sales
Those sales that would have...
Partnering
A mutually beneficial business-to-bus...
Phase 2
Process to be used to determine economic injury for...
Contracting Officer
A person with the authority to...
B/E (Business EIDL) Loan
A business loan that...
Days Payable
A measure of the average time a...
Guarantor
The legal entity and...

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