Glossary
SBA Terms

Full and Open Competition

With respect to a contract action, "full and open" competition means that all responsible sources are permitted to compete.

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.
Explore microloans
SBA Glossary

Common SBA Terms

Everything you need to know about common terms used to discuss SBA Loans.
Standard Industrial Classification (SIC) Code
A code representing a category within...
Duplicated Interest
The amount of interest exp...
Comparative Analysis
Is designed to point out significant trends that...
Partnership
A type of unincorporated business org...
Companion File
When an applicant has another application filed...
Contractor Team Arrangement
An arrangement in which...
S-Corporation
A form of corporation, allowed by...
SAE (Stand Alone Economic Injury Disaster Loan)
provide necessary working capital to...
Protégé
A firm in a developmental stage that...
Days Receivable
A measure of the average time a...
Mentor
A business, usually large, or...
Contract
A mutually binding legal rel..
SCORE
Counselors to America's Small Bus...
GPM%
The measure of every sales dollar left...
Intermediary Organization
Organizations that play a funda...

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