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.
Income Statement
Shows the entity’s income and...
Injury Period
The time period during...
Full and Open Competition
With respect to a contract action...
Phase 1
Process used to determine the...
Credit Elsewhere Test (CET)
The test to determine the...
Normal Gross Margin
The margin that would have been...
Break-even Analysis
A calculation of the approximate sales...
Affiliates
Business concerns, organizations, or...
Collateral
Assets pledged by a borrower to secure a loan...
B/E (Business EIDL) Loan
A business loan that...
Acquisition
The acquiring of supplies or...
Primary Activity
The major business activity of...
P&L (Profit and Loss Statement)
also considered as Income Statement or...
Principal
the owner(s) of the Applicant Entity that...
Days Payable
A measure of the average time a...

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