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
The 7(a) Loan Program, SBA’s most common loan program, includes assistance for each business with unique needs.
SBA 504 loans are very popular for long-term, fixed rate financing of up to $5 million for major fixed assets.
The average Microloan is about $13,000. The Microloans program provides loans up to $50,000 to small businesses.
SBA Glossary

Common SBA Terms

Everything you need to know about common terms used to discuss SBA Loans.
Request for Proposal (RFP)
A document outlining a...
Coastal Barrier Resource Area (COBRA)
A flood prone area in which...
Injury Analysis
Measures the effects of...
Full and Open Competition
With respect to a contract action...
Affiliated Group
When two or more...
Small Disadvantaged Business Concern
A small business concern that...
Intermediary Organization
Organizations that play a funda...
Depreciation
A non-cash operating expense that...
Guarantor
The legal entity and...
Balance Sheet or Statement of Financial Position
Assets = Liabilities + Equity...
Cash Flow Test
Part of the CET that determines if...
Sole Proprietor
an individual who...
Break-even Analysis
A calculation of the approximate sales...
Emerging Small Business
A small business concern whose...
Physical Loans
Funds to repair/replace dis...

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