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.
Contractor Team Arrangement
An arrangement in which...
Guarantor
The legal entity and...
Request for Proposal (RFP)
A document outlining a...
Applicant Individual
aka who is requesting an SBA loan...
NAICS
NAICS codes are common...
Subsidiary
A company for which a majority of the...
Principal
the owner(s) of the Applicant Entity that...
Sole Proprietor
an individual who...
Subcontract
A contract between a prime cont...
Substantial Damage
This means uninsured or otherwise uncompensated...
Physical Loans
Funds to repair/replace dis...
Limited Partnership
A business organization with one or...
Trend Analysis
A comparative analysis of...
Working Capital (WC)
The amount of current assets that...
Current Assets
A balance sheet item which equals...

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