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.
Limited Liability Entities (company/partnership)
An LLE provides business owners with...
Trend Analysis
A comparative analysis of...
Operating Leases
are deducted on the company’s...
Best and Final Offer
For negotiated procurements...
Partnering
A mutually beneficial business-to-bus...
Contracting Officer
A person with the authority to...
SAE (Stand Alone Economic Injury Disaster Loan)
provide necessary working capital to...
Coastal Barrier Resource Area (COBRA)
A flood prone area in which...
Days Receivable
A measure of the average time a...
Acquisition
The acquiring of supplies or...
Cash Available to Service Additional Debt (CASAD)
The cash flow determined that...
Joint Venture
In the SBA Mentor-Protégé Program...
SCORE
Counselors to America's Small Bus...
Amortization
A non-cash operating expense that...
Phase 2
Process to be used to determine economic injury for...

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