Electronic Data Interchange

Transmission of information between computers using highly standardized electronic versions of common business documents.

Updated on
September 9, 2022
Published on
June 20, 2018
The 7(a) Loan Program, SBA’s most common loan program, includes assistance for each business with unique needs.
SBA 504 loans are very popular for long-term, fixed rate financing of up to $5 million for major fixed assets.
The average Microloan is about $13,000. The Microloans program provides loans up to $50,000 to small businesses.
SBA Glossary

Common SBA Terms

Everything you need to know about common terms used to discuss SBA Loans.
Contracting Officer
A person with the authority to...
Certified 8(a) Firm
A firm owned and operated by socially and...
Trend Analysis
A comparative analysis of...
GPM%
The measure of every sales dollar left...
Hardship Waiver
Method used to approve a...
Full and Open Competition
With respect to a contract action...
Physical Loans
Funds to repair/replace dis...
Contractor Team Arrangement
An arrangement in which...
Companion File
When an applicant has another application filed...
Defense Contractor
Any person who enters into...
Extraordinary Items
Additional expenses that are...
Substantial Damage
This means uninsured or otherwise uncompensated...
Applicant Entity
The business entity requesting...
Projection
An estimate of future economic or...
Injury Period
The time period during...

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