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.
Explore 504 loans

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.
SCORE
Counselors to America's Small Bus...
Balance Sheet or Statement of Financial Position
Assets = Liabilities + Equity...
Subsidiary
A company for which a majority of the...
Standard Industrial Classification (SIC) Code
A code representing a category within...
Cash Flow Test
Part of the CET that determines if...
Contractor Team Arrangement
An arrangement in which...
Days Receivable
A measure of the average time a...
Certified 8(a) Firm
A firm owned and operated by socially and...
Hardship Waiver
Method used to approve a...
Current Liabilities
A balance sheet item, which...
Certificate of Competency
A certificate issued by the Small Bus...
Request for Proposal (RFP)
A document outlining a...
Affiliated Group
When two or more...
Limited Liability Entities (company/partnership)
An LLE provides business owners with...
Income Statement
Shows the entity’s income and...

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