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.
Standard Industrial Classification (SIC) Code
A code representing a category within...
Hardship Waiver
Method used to approve a...
Primary Activity
The major business activity of...
Credit Elsewhere Test (CET)
The test to determine the...
Physical Loans
Funds to repair/replace dis...
Duplicated Interest
The amount of interest exp...
Guarantor
The legal entity and...
SCORE
Counselors to America's Small Bus...
Limited Partnership
A business organization with one or...
Comparative Analysis
Is designed to point out significant trends that...
Loan Authorization and Agreement (LA&A)
A contract between SBA and the borrower that...
Applicant Entity
The business entity requesting...
Phase 2
Process to be used to determine economic injury for...
Acquisition
The acquiring of supplies or...
Defense Contractor
Any person who enters into...

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