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.
Normal Gross Margin
The margin that would have been...
Contracting Officer
A person with the authority to...
Subcontract
A contract between a prime cont...
Mentor
A business, usually large, or...
Coastal Barrier Resource Area (COBRA)
A flood prone area in which...
Collateral
Assets pledged by a borrower to secure a loan...
Accrual Basis Accounting
recognizes revenues when earned and expenses are...
GPM%
The measure of every sales dollar left...
Fair and Reasonable Price
A price that is fair to both parties...
Credit Score Test
Part of the home loan CET show a...
Certificate of Competency
A certificate issued by the Small Bus...
Comparative Analysis
Is designed to point out significant trends that...
Limited Liability Entities (company/partnership)
An LLE provides business owners with...
Normal Annual Sales
Those sales that would have...
Business Activity
The business (or loss) activity of...

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