Glossary
SBA Terms

Small Business

A business smaller than a given size as measured by its employment, business receipts, or business assets.

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.
Explore 504 loans

SBA Microloans

The average Microloan is about $13,000. The Microloans program provides loans up to $50,000 to small businesses.
Explore microloans
SBA Glossary

Common SBA Terms

Everything you need to know about common terms used to discuss SBA Loans.
Comparative Analysis
Is designed to point out significant trends that...
Prime Contract
A contract awarded directly...
Accrual Basis Accounting
recognizes revenues when earned and expenses are...
Lien
A legal claim against an...
Liabilities
A financial obligation...
Joint Venture
In the SBA Mentor-Protégé Program...
Limited Partnership
A business organization with one or...
Applicant/Co-Applicant
Business entity and person requesting...
Federal Acquisition Regulation (FAR)
The body of regulations which is...
Working Capital (WC)
The amount of current assets that...
Companion File
When an applicant has another application filed...
SCORE
Counselors to America's Small Bus...
Contracting Officer
A person with the authority to...
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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