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.
Small Disadvantaged Business Concern
A small business concern that...
Current Assets
A balance sheet item which equals...
Accrual Basis Accounting
recognizes revenues when earned and expenses are...
Small Business Innovative Research (SBIR) Contract
A type of contract designed to...
Credit Score Test
Part of the home loan CET show a...
Normal Annual Sales
Those sales that would have...
Depreciation
A non-cash operating expense that...
Credit Elsewhere Test (CET)
The test to determine the...
Limited Liability Entities (company/partnership)
An LLE provides business owners with...
Phase 2
Process to be used to determine economic injury for...
Request for Proposal (RFP)
A document outlining a...
Corporation (C-corp.)
The most common form of business org...
Projection
An estimate of future economic or...
Contracting Officer
A person with the authority to...
Companion File
When an applicant has another application filed...

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