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.
Available Asset Test
Part of the CET that determines if an applicant(s) has...
Economic Injury Disaster Loan (EIDL)
a working capital loan that...
Collateral
Assets pledged by a borrower to secure a loan...
Schedule of Liabilities
A business debt schedule that lists all of the debts...
Contract
A mutually binding legal rel..
DBA
ex. Blocker & Sons LLC, doing business as Bob's Burgers
Phase 1
Process used to determine the...
Liabilities
A financial obligation...
Injury Analysis
Measures the effects of...
Prime Contract
A contract awarded directly...
P&L (Profit and Loss Statement)
also considered as Income Statement or...
Partnering
A mutually beneficial business-to-bus...
Amortization
A non-cash operating expense that...
Defense Acquisition Regulatory Council (DARC)
A group composed of rep...
Injury Period
The time period during...

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