Glossary
SBA Terms

Affiliates

Business concerns, organizations, or individuals that control each other or that are controlled by a third party. Control may include shared management or ownership; common use of facilities, equipment, and employees; or family interest.

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.
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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.
Companion File
When an applicant has another application filed...
Current Assets
A balance sheet item which equals...
Collateral
Assets pledged by a borrower to secure a loan...
GPM%
The measure of every sales dollar left...
Electronic Data Interchange
Transmission of information bet...
Best and Final Offer
For negotiated procurements...
NAICS
NAICS codes are common...
Contracting
Purchasing, renting, leasing, or...
Federal Acquisition Regulation (FAR)
The body of regulations which is...
Substantial Damage
This means uninsured or otherwise uncompensated...
Lien
A legal claim against an...
Income Statement
Shows the entity’s income and...
Affiliate
Business concerns are affiliates if one concern...
Contracting Officer
A person with the authority to...
Credit Elsewhere Test (CET)
The test to determine the...

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