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.
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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.
Assets
The amount of current assets that is left...
Comparative Analysis
Is designed to point out significant trends that...
Cash Available to Service Additional Debt (CASAD)
The cash flow determined that...
Current Liabilities
A balance sheet item, which...
Depreciation
A non-cash operating expense that...
Capital Leases
are for the purchase of fixed assets such as...
Guarantor
The legal entity and...
Partnership
A type of unincorporated business org...
Available Asset Test
Part of the CET that determines if an applicant(s) has...
Emerging Small Business
A small business concern whose...
SAE (Stand Alone Economic Injury Disaster Loan)
provide necessary working capital to...
Affiliated Group
When two or more...
Full and Open Competition
With respect to a contract action...
Partnering
A mutually beneficial business-to-bus...
Working Capital (WC)
The amount of current assets that...

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