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.
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SBA Glossary

Common SBA Terms

Everything you need to know about common terms used to discuss SBA Loans.
Normal Annual Sales
Those sales that would have...
Business Activity
The business (or loss) activity of...
Protégé
A firm in a developmental stage that...
Depreciation
A non-cash operating expense that...
Cash Available to Service Additional Debt (CASAD)
The cash flow determined that...
Contract
A mutually binding legal rel..
Subcontract
A contract between a prime cont...
Working Capital (WC)
The amount of current assets that...
Mentor
A business, usually large, or...
GPM%
The measure of every sales dollar left...
Current Assets
A balance sheet item which equals...
Small Business Innovative Research (SBIR) Contract
A type of contract designed to...
Best and Final Offer
For negotiated procurements...
Corporation (C-corp.)
The most common form of business org...
Physical Loans
Funds to repair/replace dis...

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