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.
Balance Sheet or Statement of Financial Position
Assets = Liabilities + Equity...
Economic Injury Disaster Loan (EIDL)
a working capital loan that...
Current Liabilities
A balance sheet item, which...
Small Disadvantaged Business Concern
A small business concern that...
Accrual Basis Accounting
recognizes revenues when earned and expenses are...
P&L (Profit and Loss Statement)
also considered as Income Statement or...
Injury Period
The time period during...
S-Corporation
A form of corporation, allowed by...
Normal Annual Sales
Those sales that would have...
Contract
A mutually binding legal rel..
Best and Final Offer
For negotiated procurements...
Days Payable
A measure of the average time a...
Emerging Small Business
A small business concern whose...
Prime Contract
A contract awarded directly...
Projection
An estimate of future economic or...

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