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.
Explore 7a loans

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.
Companion File
When an applicant has another application filed...
Extraordinary Items
Additional expenses that are...
DBA
ex. Blocker & Sons LLC, doing business as Bob's Burgers
Full and Open Competition
With respect to a contract action...
B/E (Business EIDL) Loan
A business loan that...
Business Activity
The business (or loss) activity of...
Projection
An estimate of future economic or...
Prime Contract
A contract awarded directly...
Corporation (C-corp.)
The most common form of business org...
Federal Acquisition Regulation (FAR)
The body of regulations which is...
Income Statement
Shows the entity’s income and...
Guarantor
The legal entity and...
Subcontract
A contract between a prime cont...
Defense Acquisition Regulatory Council (DARC)
A group composed of rep...
Credit Elsewhere Test (CET)
The test to determine the...

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