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.
Joint Venture
In the SBA Mentor-Protégé Program...
Principal
the owner(s) of the Applicant Entity that...
Injury Period
The time period during...
Available Asset Test
Part of the CET that determines if an applicant(s) has...
Request for Proposal (RFP)
A document outlining a...
Phase 2
Process to be used to determine economic injury for...
P&L (Profit and Loss Statement)
also considered as Income Statement or...
Subcontract
A contract between a prime cont...
Break-even Analysis
A calculation of the approximate sales...
Full and Open Competition
With respect to a contract action...
Electronic Data Interchange
Transmission of information bet...
Standard Industrial Classification (SIC) Code
A code representing a category within...
Assets
The amount of current assets that is left...
Projection
An estimate of future economic or...
Phase 1
Process used to determine the...

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