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.
Working Capital (WC)
The amount of current assets that...
Corporation (C-corp.)
The most common form of business org...
Comparative Analysis
Is designed to point out significant trends that...
Small Business Innovative Research (SBIR) Contract
A type of contract designed to...
Emerging Small Business
A small business concern whose...
Credit Score Test
Part of the home loan CET show a...
Limited Liability Entities (company/partnership)
An LLE provides business owners with...
Applicant Entity
The business entity requesting...
Companion File
When an applicant has another application filed...
Standard Industrial Classification (SIC) Code
A code representing a category within...
Partnership
A type of unincorporated business org...
GPM%
The measure of every sales dollar left...
Partnering
A mutually beneficial business-to-bus...
Subsidiary
A company for which a majority of the...
Cash Available to Service Additional Debt (CASAD)
The cash flow determined that...

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