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.
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.
Negotiation
Contracting through the use of...
Operating Leases
are deducted on the company’s...
Limited Liability Entities (company/partnership)
An LLE provides business owners with...
Mentor
A business, usually large, or...
DBA
ex. Blocker & Sons LLC, doing business as Bob's Burgers
Prime Contract
A contract awarded directly...
Balance Sheet or Statement of Financial Position
Assets = Liabilities + Equity...
Applicant/Co-Applicant
Business entity and person requesting...
Loan Authorization and Agreement (LA&A)
A contract between SBA and the borrower that...
Injury Period
The time period during...
Small Business
A business smaller than...
Extraordinary Items
Additional expenses that are...
Full and Open Competition
With respect to a contract action...
Primary Activity
The major business activity of...
Small Business Development Centers (SBDC)
SBDCs offer a broad spec...

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