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.
Applicant Entity
The business entity requesting...
Available Asset Test
Part of the CET that determines if an applicant(s) has...
Corporation (C-corp.)
The most common form of business org...
Normal Gross Margin
The margin that would have been...
Contracting Officer
A person with the authority to...
Negotiation
Contracting through the use of...
SCORE
Counselors to America's Small Bus...
Defense Acquisition Regulatory Council (DARC)
A group composed of rep...
Standard Industrial Classification (SIC) Code
A code representing a category within...
Limited Partnership
A business organization with one or...
Certificate of Competency
A certificate issued by the Small Bus...
Small Business
A business smaller than...
Phase 1
Process used to determine the...
Affiliated Group
When two or more...
Contracting
Purchasing, renting, leasing, or...

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