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.
Injury Analysis
Measures the effects of...
Credit Score Test
Part of the home loan CET show a...
Cash Available to Service Additional Debt (CASAD)
The cash flow determined that...
Applicant Entity
The business entity requesting...
Collateral
Assets pledged by a borrower to secure a loan...
Joint Venture
In the SBA Mentor-Protégé Program...
Days Receivable
A measure of the average time a...
Days Payable
A measure of the average time a...
Injury Period
The time period during...
B/E (Business EIDL) Loan
A business loan that...
Break-even Analysis
A calculation of the approximate sales...
Adjusted Net Worth
Post disaster fair market value of tangible...
Current Assets
A balance sheet item which equals...
Protégé
A firm in a developmental stage that...
SCORE
Counselors to America's Small Bus...

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