Glossary
SBA Terms

Certified 8(a) Firm

A firm owned and operated by socially and economically disadvantaged individuals and eligible to receive federal contracts under the Small Business Administration’s 8(a) Business Development Program.

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.
Operating Leases
are deducted on the company’s...
Credit Score Test
Part of the home loan CET show a...
Emerging Small Business
A small business concern whose...
Small Business Innovative Research (SBIR) Contract
A type of contract designed to...
Principal
the owner(s) of the Applicant Entity that...
Certificate of Competency
A certificate issued by the Small Bus...
S-Corporation
A form of corporation, allowed by...
Corporation (C-corp.)
The most common form of business org...
Prime Contract
A contract awarded directly...
Electronic Data Interchange
Transmission of information bet...
Current Liabilities
A balance sheet item, which...
Fair and Reasonable Price
A price that is fair to both parties...
Collateral
Assets pledged by a borrower to secure a loan...
Limited Liability Entities (company/partnership)
An LLE provides business owners with...
Schedule of Liabilities
A business debt schedule that lists all of the debts...

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