Glossary
SBA Terms

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
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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.
Mentor
A business, usually large, or...
Available Asset Test
Part of the CET that determines if an applicant(s) has...
Companion File
When an applicant has another application filed...
Certified 8(a) Firm
A firm owned and operated by socially and...
Best and Final Offer
For negotiated procurements...
Defense Acquisition Regulatory Council (DARC)
A group composed of rep...
Fair and Reasonable Price
A price that is fair to both parties...
Affiliates
Business concerns, organizations, or...
Intermediary Organization
Organizations that play a funda...
Trend Analysis
A comparative analysis of...
Cash Available to Service Additional Debt (CASAD)
The cash flow determined that...
Contract
A mutually binding legal rel..
Contractor Team Arrangement
An arrangement in which...
Operating Leases
are deducted on the company’s...
Assets
The amount of current assets that is left...

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