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.
Explore microloans
SBA Glossary

Common SBA Terms

Everything you need to know about common terms used to discuss SBA Loans.
Corporation (C-corp.)
The most common form of business org...
Injury Analysis
Measures the effects of...
Subsidiary
A company for which a majority of the...
Limited Partnership
A business organization with one or...
Electronic Data Interchange
Transmission of information bet...
Prime Contract
A contract awarded directly...
Days Payable
A measure of the average time a...
Extraordinary Items
Additional expenses that are...
Break-even Analysis
A calculation of the approximate sales...
Cash Flow Test
Part of the CET that determines if...
Principal
the owner(s) of the Applicant Entity that...
Partnership
A type of unincorporated business org...
Operating Leases
are deducted on the company’s...
Contractor Team Arrangement
An arrangement in which...
Intermediary Organization
Organizations that play a funda...

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