Source: SBA.gov

Certificate of Competency

A certificate issued by the Small Business Administration (SBA) stating that the holder is "responsible" (in terms of capability, competency, capacity, credit, integrity, perseverance, and tenacity) for the purpose of receiving and performing a specific government contract.

Updated on

September 9, 2022

Published on

June 20, 2018

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.

Defense Acquisition Regulatory Council (DARC)

A group composed of rep...

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Adjusted Net Worth

Post disaster fair market value of tangible...

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Intermediary Organization

Organizations that play a funda...

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Emerging Small Business

A small business concern whose...

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Physical Loans

Funds to repair/replace dis...

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Equity

An accounting term used to...

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Coastal Barrier Resource Area (COBRA)

A flood prone area in which...

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Electronic Data Interchange

Transmission of information bet...

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Applicant Individual

aka who is requesting an SBA loan...

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Small Business Development Centers (SBDC)

SBDCs offer a broad spec...

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Extraordinary Items

Additional expenses that are...

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Mentor

A business, usually large, or...

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GPM%

The measure of every sales dollar left...

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Defense Contractor

Any person who enters into...

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Phase 2

Process to be used to determine economic injury for...

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