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.
Equity
An accounting term used to...
Affiliate
Business concerns are affiliates if one concern...
Duplicated Interest
The amount of interest exp...
Trend Analysis
A comparative analysis of...
Cash Available to Service Additional Debt (CASAD)
The cash flow determined that...
Amortization
A non-cash operating expense that...
B/E (Business EIDL) Loan
A business loan that...
Small Business Development Centers (SBDC)
SBDCs offer a broad spec...
Applicant Individual
aka who is requesting an SBA loan...
Assets
The amount of current assets that is left...
Subcontract
A contract between a prime cont...
Negotiation
Contracting through the use of...
Physical Loans
Funds to repair/replace dis...
Days Receivable
A measure of the average time a...
Collateral
Assets pledged by a borrower to secure a loan...

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