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.
GPM%
The measure of every sales dollar left...
Adjusted Net Worth
Post disaster fair market value of tangible...
Contract
A mutually binding legal rel..
NAICS
NAICS codes are common...
Contracting Officer
A person with the authority to...
Working Capital (WC)
The amount of current assets that...
Normal Annual Sales
Those sales that would have...
Principal
the owner(s) of the Applicant Entity that...
Schedule of Liabilities
A business debt schedule that lists all of the debts...
Coastal Barrier Resource Area (COBRA)
A flood prone area in which...
Extraordinary Items
Additional expenses that are...
Phase 1
Process used to determine the...
Days Receivable
A measure of the average time a...
Small Business Development Centers (SBDC)
SBDCs offer a broad spec...
Applicant Individual
aka who is requesting an SBA loan...

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