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.
Collateral
Assets pledged by a borrower to secure a loan...
Injury Period
The time period during...
Certificate of Competency
A certificate issued by the Small Bus...
Substantial Damage
This means uninsured or otherwise uncompensated...
Amortization
A non-cash operating expense that...
Subcontract
A contract between a prime cont...
Limited Liability Entities (company/partnership)
An LLE provides business owners with...
Subsidiary
A company for which a majority of the...
Balance Sheet or Statement of Financial Position
Assets = Liabilities + Equity...
Small Disadvantaged Business Concern
A small business concern that...
Partnering
A mutually beneficial business-to-bus...
Contract
A mutually binding legal rel..
Hardship Waiver
Method used to approve a...
Normal Gross Margin
The margin that would have been...
Small Business Development Centers (SBDC)
SBDCs offer a broad spec...

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