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.
Working Capital (WC)
The amount of current assets that...
Partnering
A mutually beneficial business-to-bus...
Accrual Basis Accounting
recognizes revenues when earned and expenses are...
Cash Flow Test
Part of the CET that determines if...
Contracting Officer
A person with the authority to...
Available Asset Test
Part of the CET that determines if an applicant(s) has...
Defense Contractor
Any person who enters into...
Coastal Barrier Resource Area (COBRA)
A flood prone area in which...
SCORE
Counselors to America's Small Bus...
Certificate of Competency
A certificate issued by the Small Bus...
Subsidiary
A company for which a majority of the...
Income Statement
Shows the entity’s income and...
Subcontract
A contract between a prime cont...
Capital Leases
are for the purchase of fixed assets such as...
Limited Partnership
A business organization with one or...

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