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
Apply Here

SBA 7a Loans

The 7(a) Loan Program, SBA’s most common loan program, includes assistance for each business with unique needs.
Explore 7a loans

SBA 504 Loans

SBA 504 loans are very popular for long-term, fixed rate financing of up to $5 million for major fixed assets.
Explore 504 loans

SBA Microloans

The average Microloan is about $13,000. The Microloans program provides loans up to $50,000 to small businesses.
Explore microloans
SBA Glossary

Common SBA Terms

Everything you need to know about common terms used to discuss SBA Loans.
Guarantor
The legal entity and...
Small Business
A business smaller than...
Standard Industrial Classification (SIC) Code
A code representing a category within...
P&L (Profit and Loss Statement)
also considered as Income Statement or...
Credit Elsewhere Test (CET)
The test to determine the...
Small Disadvantaged Business Concern
A small business concern that...
DBA
ex. Blocker & Sons LLC, doing business as Bob's Burgers
Joint Venture
In the SBA Mentor-Protégé Program...
Protégé
A firm in a developmental stage that...
Certificate of Competency
A certificate issued by the Small Bus...
Cash Available to Service Additional Debt (CASAD)
The cash flow determined that...
Applicant Entity
The business entity requesting...
Defense Acquisition Regulatory Council (DARC)
A group composed of rep...
Lien
A legal claim against an...
Cash Flow Test
Part of the CET that determines if...

Get the quick rundown on SBA Loans

Join over 4,000+ small business owners already growing with us.
How it Works
contact@sbaloans.orgPrivacyToS
SBA Loan Types
SBA 7a LoansSBA 504 LoansDisaster LoansMicroloans
SBA 7a Loan Types
SBA Express LoansStandard 7a Loans7a Small LoansExport Express Loans
SBA Loan Purposes
Buy a new business->Buy real estate->Refinance debt->Refi real estate->
SBA EDU
SBA FAQsSBA GlossaryAbout 7a LoansAbout 504 Loans
Get Started
SBA Loan App ->
SBA Loan RatesSBA Disaster AssistanceAbout Us
Copyright © 2025 Mainstreet Financial LLC
Secured with bank-level SSL
Built on Mainstreet
Powered by SBALoans.org