Glossary
SBA Terms

Small Business Development Centers (SBDC)

SBDCs offer a broad spectrum of business information and guidance as well as assistance in preparing loan applications.

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.
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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.
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SBA Glossary

Common SBA Terms

Everything you need to know about common terms used to discuss SBA Loans.
Contracting Officer
A person with the authority to...
Standard Industrial Classification (SIC) Code
A code representing a category within...
P&L (Profit and Loss Statement)
also considered as Income Statement or...
Cash Flow Test
Part of the CET that determines if...
S-Corporation
A form of corporation, allowed by...
DBA
ex. Blocker & Sons LLC, doing business as Bob's Burgers
Defense Acquisition Regulatory Council (DARC)
A group composed of rep...
Applicant/Co-Applicant
Business entity and person requesting...
Protégé
A firm in a developmental stage that...
Available Asset Test
Part of the CET that determines if an applicant(s) has...
Accrual Basis Accounting
recognizes revenues when earned and expenses are...
Projection
An estimate of future economic or...
Adjusted Net Worth
Post disaster fair market value of tangible...
Corporation (C-corp.)
The most common form of business org...
Intermediary Organization
Organizations that play a funda...

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