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.
Normal Gross Margin
The margin that would have been...
Guarantor
The legal entity and...
NAICS
NAICS codes are common...
Current Liabilities
A balance sheet item, which...
Economic Injury Disaster Loan (EIDL)
a working capital loan that...
Break-even Analysis
A calculation of the approximate sales...
Subsidiary
A company for which a majority of the...
Working Capital (WC)
The amount of current assets that...
Phase 2
Process to be used to determine economic injury for...
Standard Industrial Classification (SIC) Code
A code representing a category within...
Operating Leases
are deducted on the company’s...
P&L (Profit and Loss Statement)
also considered as Income Statement or...
Cash Available to Service Additional Debt (CASAD)
The cash flow determined that...
Credit Elsewhere Test (CET)
The test to determine the...
Full and Open Competition
With respect to a contract action...

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