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.
Prime Contract
A contract awarded directly...
Contracting
Purchasing, renting, leasing, or...
Income Statement
Shows the entity’s income and...
Small Business Innovative Research (SBIR) Contract
A type of contract designed to...
Limited Partnership
A business organization with one or...
Affiliates
Business concerns, organizations, or...
Limited Liability Entities (company/partnership)
An LLE provides business owners with...
Balance Sheet or Statement of Financial Position
Assets = Liabilities + Equity...
S-Corporation
A form of corporation, allowed by...
Partnering
A mutually beneficial business-to-bus...
Days Receivable
A measure of the average time a...
Normal Annual Sales
Those sales that would have...
Corporation (C-corp.)
The most common form of business org...
Available Asset Test
Part of the CET that determines if an applicant(s) has...
Defense Contractor
Any person who enters into...

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