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.
Economic Injury Disaster Loan (EIDL)
a working capital loan that...
Collateral
Assets pledged by a borrower to secure a loan...
Small Disadvantaged Business Concern
A small business concern that...
Days Receivable
A measure of the average time a...
Guarantor
The legal entity and...
GPM%
The measure of every sales dollar left...
Current Assets
A balance sheet item which equals...
Credit Elsewhere Test (CET)
The test to determine the...
Extraordinary Items
Additional expenses that are...
Small Business Innovative Research (SBIR) Contract
A type of contract designed to...
P&L (Profit and Loss Statement)
also considered as Income Statement or...
Fair and Reasonable Price
A price that is fair to both parties...
Affiliated Group
When two or more...
Hardship Waiver
Method used to approve a...
Accrual Basis Accounting
recognizes revenues when earned and expenses are...

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