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.
Explore 504 loans

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.
Physical Loans
Funds to repair/replace dis...
Assets
The amount of current assets that is left...
Contract
A mutually binding legal rel..
Days Payable
A measure of the average time a...
Working Capital (WC)
The amount of current assets that...
Contractor Team Arrangement
An arrangement in which...
Subcontract
A contract between a prime cont...
P&L (Profit and Loss Statement)
also considered as Income Statement or...
GPM%
The measure of every sales dollar left...
Certificate of Competency
A certificate issued by the Small Bus...
DBA
ex. Blocker & Sons LLC, doing business as Bob's Burgers
Loan Authorization and Agreement (LA&A)
A contract between SBA and the borrower that...
Guarantor
The legal entity and...
Limited Liability Entities (company/partnership)
An LLE provides business owners with...
Partnering
A mutually beneficial business-to-bus...

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