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.
Defense Contractor
Any person who enters into...
Standard Industrial Classification (SIC) Code
A code representing a category within...
Trend Analysis
A comparative analysis of...
Partnership
A type of unincorporated business org...
GPM%
The measure of every sales dollar left...
Credit Elsewhere Test (CET)
The test to determine the...
Capital Leases
are for the purchase of fixed assets such as...
Contracting
Purchasing, renting, leasing, or...
Cash Flow Test
Part of the CET that determines if...
Emerging Small Business
A small business concern whose...
Companion File
When an applicant has another application filed...
Amortization
A non-cash operating expense that...
Prime Contract
A contract awarded directly...
Applicant/Co-Applicant
Business entity and person requesting...
Affiliate
Business concerns are affiliates if one concern...

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