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
The 7(a) Loan Program, SBA’s most common loan program, includes assistance for each business with unique needs.
SBA 504 loans are very popular for long-term, fixed rate financing of up to $5 million for major fixed assets.
The average Microloan is about $13,000. The Microloans program provides loans up to $50,000 to small businesses.
SBA Glossary

Common SBA Terms

Everything you need to know about common terms used to discuss SBA Loans.
Certificate of Competency
A certificate issued by the Small Bus...
Joint Venture
In the SBA Mentor-Protégé Program...
Fair and Reasonable Price
A price that is fair to both parties...
Applicant Entity
The business entity requesting...
Contracting
Purchasing, renting, leasing, or...
GPM%
The measure of every sales dollar left...
Collateral
Assets pledged by a borrower to secure a loan...
Sole Proprietor
an individual who...
Acquisition
The acquiring of supplies or...
Applicant Individual
aka who is requesting an SBA loan...
Request for Proposal (RFP)
A document outlining a...
Lien
A legal claim against an...
Projection
An estimate of future economic or...
Amortization
A non-cash operating expense that...
Liabilities
A financial obligation...

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