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.
Applicant Individual
aka who is requesting an SBA loan...
SAE (Stand Alone Economic Injury Disaster Loan)
provide necessary working capital to...
Injury Period
The time period during...
Certified 8(a) Firm
A firm owned and operated by socially and...
Days Payable
A measure of the average time a...
Electronic Data Interchange
Transmission of information bet...
NAICS
NAICS codes are common...
Defense Acquisition Regulatory Council (DARC)
A group composed of rep...
Intermediary Organization
Organizations that play a funda...
Acquisition
The acquiring of supplies or...
Trend Analysis
A comparative analysis of...
Current Assets
A balance sheet item which equals...
Defense Contractor
Any person who enters into...
Depreciation
A non-cash operating expense that...
Guarantor
The legal entity and...

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