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.
Days Receivable
A measure of the average time a...
Partnering
A mutually beneficial business-to-bus...
GPM%
The measure of every sales dollar left...
Cash-basis Accounting
records revenue when cash is...
Normal Annual Sales
Those sales that would have...
Principal
the owner(s) of the Applicant Entity that...
Subsidiary
A company for which a majority of the...
Joint Venture
In the SBA Mentor-Protégé Program...
Current Liabilities
A balance sheet item, which...
Capital Leases
are for the purchase of fixed assets such as...
Working Capital (WC)
The amount of current assets that...
Affiliates
Business concerns, organizations, or...
Substantial Damage
This means uninsured or otherwise uncompensated...
Loan Authorization and Agreement (LA&A)
A contract between SBA and the borrower that...
Primary Activity
The major business activity of...

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