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.
Explore 7a loans

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.
Business Activity
The business (or loss) activity of...
Comparative Analysis
Is designed to point out significant trends that...
Days Payable
A measure of the average time a...
Federal Acquisition Regulation (FAR)
The body of regulations which is...
Applicant/Co-Applicant
Business entity and person requesting...
Trend Analysis
A comparative analysis of...
Capital Leases
are for the purchase of fixed assets such as...
Schedule of Liabilities
A business debt schedule that lists all of the debts...
Extraordinary Items
Additional expenses that are...
SAE (Stand Alone Economic Injury Disaster Loan)
provide necessary working capital to...
Credit Elsewhere Test (CET)
The test to determine the...
Acquisition
The acquiring of supplies or...
Prime Contract
A contract awarded directly...
Economic Injury Disaster Loan (EIDL)
a working capital loan that...
Companion File
When an applicant has another application filed...

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