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.
Contractor Team Arrangement
An arrangement in which...
Duplicated Interest
The amount of interest exp...
Affiliated Group
When two or more...
Loan Authorization and Agreement (LA&A)
A contract between SBA and the borrower that...
Business Activity
The business (or loss) activity of...
Sole Proprietor
an individual who...
Schedule of Liabilities
A business debt schedule that lists all of the debts...
Days Payable
A measure of the average time a...
Operating Leases
are deducted on the company’s...
Partnership
A type of unincorporated business org...
Hardship Waiver
Method used to approve a...
Current Liabilities
A balance sheet item, which...
Break-even Analysis
A calculation of the approximate sales...
Capital Leases
are for the purchase of fixed assets such as...
Projection
An estimate of future economic or...

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