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.
Current Liabilities
A balance sheet item, which...
Affiliates
Business concerns, organizations, or...
Loan Authorization and Agreement (LA&A)
A contract between SBA and the borrower that...
Certificate of Competency
A certificate issued by the Small Bus...
Contracting
Purchasing, renting, leasing, or...
Duplicated Interest
The amount of interest exp...
Subcontract
A contract between a prime cont...
Credit Score Test
Part of the home loan CET show a...
Contractor Team Arrangement
An arrangement in which...
Cash Flow Test
Part of the CET that determines if...
Defense Contractor
Any person who enters into...
SCORE
Counselors to America's Small Bus...
Affiliated Group
When two or more...
Small Business Innovative Research (SBIR) Contract
A type of contract designed to...
Substantial Damage
This means uninsured or otherwise uncompensated...

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