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A mutually beneficial business-to-business relationship based on trust and commitment and that enhances the capabilities of both parties.

Updated on
September 9, 2022
Published on
June 20, 2018
The 7(a) Loan Program, SBA’s most common loan program, includes assistance for each business with unique needs.
SBA 504 loans are very popular for long-term, fixed rate financing of up to $5 million for major fixed assets.
The average Microloan is about $13,000. The Microloans program provides loans up to $50,000 to small businesses.
SBA Glossary

Common SBA Terms

Everything you need to know about common terms used to discuss SBA Loans.
Joint Venture
In the SBA Mentor-Protégé Program...
Current Assets
A balance sheet item which equals...
Companion File
When an applicant has another application filed...
P&L (Profit and Loss Statement)
also considered as Income Statement or...
Capital Leases
are for the purchase of fixed assets such as...
Small Disadvantaged Business Concern
A small business concern that...
Contracting
Purchasing, renting, leasing, or...
Best and Final Offer
For negotiated procurements...
Contracting Officer
A person with the authority to...
Fair and Reasonable Price
A price that is fair to both parties...
Contract
A mutually binding legal rel..
Affiliated Group
When two or more...
Credit Elsewhere Test (CET)
The test to determine the...
Certificate of Competency
A certificate issued by the Small Bus...
Small Business Innovative Research (SBIR) Contract
A type of contract designed to...

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