Glossary
SBA Terms

Joint Venture

In the SBA Mentor-Protégé Program, an agreement between a certified 8(a) firm and a mentor firm to perform a specific federal contract.

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.
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SBA Glossary

Common SBA Terms

Everything you need to know about common terms used to discuss SBA Loans.
SCORE
Counselors to America's Small Bus...
Liabilities
A financial obligation...
Full and Open Competition
With respect to a contract action...
Economic Injury Disaster Loan (EIDL)
a working capital loan that...
Comparative Analysis
Is designed to point out significant trends that...
Cash-basis Accounting
records revenue when cash is...
Principal
the owner(s) of the Applicant Entity that...
Balance Sheet or Statement of Financial Position
Assets = Liabilities + Equity...
Depreciation
A non-cash operating expense that...
Applicant Individual
aka who is requesting an SBA loan...
Normal Gross Margin
The margin that would have been...
Standard Industrial Classification (SIC) Code
A code representing a category within...
Sole Proprietor
an individual who...
Subcontract
A contract between a prime cont...
Contract
A mutually binding legal rel..

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