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
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.
Phase 2
Process to be used to determine economic injury for...
Negotiation
Contracting through the use of...
Subsidiary
A company for which a majority of the...
Comparative Analysis
Is designed to point out significant trends that...
Primary Activity
The major business activity of...
Available Asset Test
Part of the CET that determines if an applicant(s) has...
SAE (Stand Alone Economic Injury Disaster Loan)
provide necessary working capital to...
Certificate of Competency
A certificate issued by the Small Bus...
Emerging Small Business
A small business concern whose...
NAICS
NAICS codes are common...
Small Disadvantaged Business Concern
A small business concern that...
Mentor
A business, usually large, or...
Credit Score Test
Part of the home loan CET show a...
Protégé
A firm in a developmental stage that...
Defense Contractor
Any person who enters into...

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