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.
Explore 7a loans

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.
Trend Analysis
A comparative analysis of...
Coastal Barrier Resource Area (COBRA)
A flood prone area in which...
Sole Proprietor
an individual who...
Federal Acquisition Regulation (FAR)
The body of regulations which is...
Operating Leases
are deducted on the company’s...
Normal Annual Sales
Those sales that would have...
Corporation (C-corp.)
The most common form of business org...
Balance Sheet or Statement of Financial Position
Assets = Liabilities + Equity...
Working Capital (WC)
The amount of current assets that...
S-Corporation
A form of corporation, allowed by...
Injury Analysis
Measures the effects of...
Credit Elsewhere Test (CET)
The test to determine the...
Affiliate
Business concerns are affiliates if one concern...
Electronic Data Interchange
Transmission of information bet...
Limited Partnership
A business organization with one or...

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