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 Flow Test
Part of the CET that determines if...
Coastal Barrier Resource Area (COBRA)
A flood prone area in which...
Collateral
Assets pledged by a borrower to secure a loan...
Days Receivable
A measure of the average time a...
Principal
the owner(s) of the Applicant Entity that...
Companion File
When an applicant has another application filed...
Guarantor
The legal entity and...
Subsidiary
A company for which a majority of the...
Mentor
A business, usually large, or...
Intermediary Organization
Organizations that play a funda...
Current Liabilities
A balance sheet item, which...
Substantial Damage
This means uninsured or otherwise uncompensated...
Current Assets
A balance sheet item which equals...
Affiliated Group
When two or more...
Normal Annual Sales
Those sales that would have...

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