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.
Depreciation
A non-cash operating expense that...
Liabilities
A financial obligation...
P&L (Profit and Loss Statement)
also considered as Income Statement or...
Working Capital (WC)
The amount of current assets that...
Hardship Waiver
Method used to approve a...
Small Business Development Centers (SBDC)
SBDCs offer a broad spec...
Contractor Team Arrangement
An arrangement in which...
Projection
An estimate of future economic or...
Cash Available to Service Additional Debt (CASAD)
The cash flow determined that...
Full and Open Competition
With respect to a contract action...
Accrual Basis Accounting
recognizes revenues when earned and expenses are...
Principal
the owner(s) of the Applicant Entity that...
Balance Sheet or Statement of Financial Position
Assets = Liabilities + Equity...
B/E (Business EIDL) Loan
A business loan that...
Business Activity
The business (or loss) activity of...

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