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.
Cash Available to Service Additional Debt (CASAD)
The cash flow determined that...
Companion File
When an applicant has another application filed...
Sole Proprietor
an individual who...
Small Business Development Centers (SBDC)
SBDCs offer a broad spec...
Loan Authorization and Agreement (LA&A)
A contract between SBA and the borrower that...
Prime Contract
A contract awarded directly...
Days Payable
A measure of the average time a...
Applicant Entity
The business entity requesting...
Fair and Reasonable Price
A price that is fair to both parties...
Phase 2
Process to be used to determine economic injury for...
Protégé
A firm in a developmental stage that...
Defense Acquisition Regulatory Council (DARC)
A group composed of rep...
Extraordinary Items
Additional expenses that are...
Limited Partnership
A business organization with one or...
Affiliate
Business concerns are affiliates if one concern...

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