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.
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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.
Small Business
A business smaller than...
Substantial Damage
This means uninsured or otherwise uncompensated...
Assets
The amount of current assets that is left...
Small Business Innovative Research (SBIR) Contract
A type of contract designed to...
Contracting
Purchasing, renting, leasing, or...
Applicant/Co-Applicant
Business entity and person requesting...
Contractor Team Arrangement
An arrangement in which...
Balance Sheet or Statement of Financial Position
Assets = Liabilities + Equity...
Contracting Officer
A person with the authority to...
Acquisition
The acquiring of supplies or...
Primary Activity
The major business activity of...
Emerging Small Business
A small business concern whose...
Joint Venture
In the SBA Mentor-Protégé Program...
Available Asset Test
Part of the CET that determines if an applicant(s) has...
Guarantor
The legal entity and...

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