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.
Acquisition
The acquiring of supplies or...
Sole Proprietor
an individual who...
Defense Contractor
Any person who enters into...
Available Asset Test
Part of the CET that determines if an applicant(s) has...
Emerging Small Business
A small business concern whose...
Standard Industrial Classification (SIC) Code
A code representing a category within...
Equity
An accounting term used to...
Working Capital (WC)
The amount of current assets that...
Subsidiary
A company for which a majority of the...
GPM%
The measure of every sales dollar left...
Joint Venture
In the SBA Mentor-Protégé Program...
Operating Leases
are deducted on the company’s...
Small Business
A business smaller than...
Full and Open Competition
With respect to a contract action...
Business Activity
The business (or loss) activity of...

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