Glossary
SBA Terms

Negotiation

Contracting through the use of either competitive or other-than-competitive proposals and discussions. Any contract awarded without using sealed bidding procedures is a negotiated 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.
Applicant/Co-Applicant
Business entity and person requesting...
Trend Analysis
A comparative analysis of...
Certified 8(a) Firm
A firm owned and operated by socially and...
Phase 2
Process to be used to determine economic injury for...
Cash-basis Accounting
records revenue when cash is...
P&L (Profit and Loss Statement)
also considered as Income Statement or...
Hardship Waiver
Method used to approve a...
Partnership
A type of unincorporated business org...
Economic Injury Disaster Loan (EIDL)
a working capital loan that...
Corporation (C-corp.)
The most common form of business org...
Available Asset Test
Part of the CET that determines if an applicant(s) has...
Standard Industrial Classification (SIC) Code
A code representing a category within...
Contractor Team Arrangement
An arrangement in which...
Credit Score Test
Part of the home loan CET show a...
Defense Acquisition Regulatory Council (DARC)
A group composed of rep...

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