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.
Cash Available to Service Additional Debt (CASAD)
The cash flow determined that...
P&L (Profit and Loss Statement)
also considered as Income Statement or...
Liabilities
A financial obligation...
Companion File
When an applicant has another application filed...
S-Corporation
A form of corporation, allowed by...
Emerging Small Business
A small business concern whose...
Partnering
A mutually beneficial business-to-bus...
Intermediary Organization
Organizations that play a funda...
Full and Open Competition
With respect to a contract action...
Partnership
A type of unincorporated business org...
Contracting
Purchasing, renting, leasing, or...
Business Activity
The business (or loss) activity of...
Working Capital (WC)
The amount of current assets that...
Substantial Damage
This means uninsured or otherwise uncompensated...
Affiliated Group
When two or more...

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