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.
Primary Activity
The major business activity of...
Request for Proposal (RFP)
A document outlining a...
Amortization
A non-cash operating expense that...
Capital Leases
are for the purchase of fixed assets such as...
Credit Elsewhere Test (CET)
The test to determine the...
B/E (Business EIDL) Loan
A business loan that...
Certified 8(a) Firm
A firm owned and operated by socially and...
Defense Acquisition Regulatory Council (DARC)
A group composed of rep...
Collateral
Assets pledged by a borrower to secure a loan...
DBA
ex. Blocker & Sons LLC, doing business as Bob's Burgers
Hardship Waiver
Method used to approve a...
Applicant Individual
aka who is requesting an SBA loan...
Best and Final Offer
For negotiated procurements...
Loan Authorization and Agreement (LA&A)
A contract between SBA and the borrower that...
Applicant/Co-Applicant
Business entity and person requesting...

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