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
The 7(a) Loan Program, SBA’s most common loan program, includes assistance for each business with unique needs.
SBA 504 loans are very popular for long-term, fixed rate financing of up to $5 million for major fixed assets.
The average Microloan is about $13,000. The Microloans program provides loans up to $50,000 to small businesses.
SBA Glossary

Common SBA Terms

Everything you need to know about common terms used to discuss SBA Loans.
Subsidiary
A company for which a majority of the...
Limited Partnership
A business organization with one or...
Accrual Basis Accounting
recognizes revenues when earned and expenses are...
Emerging Small Business
A small business concern whose...
Income Statement
Shows the entity’s income and...
Small Business Innovative Research (SBIR) Contract
A type of contract designed to...
Standard Industrial Classification (SIC) Code
A code representing a category within...
Schedule of Liabilities
A business debt schedule that lists all of the debts...
Hardship Waiver
Method used to approve a...
Duplicated Interest
The amount of interest exp...
Phase 1
Process used to determine the...
Depreciation
A non-cash operating expense that...
Electronic Data Interchange
Transmission of information bet...
Affiliated Group
When two or more...
Certificate of Competency
A certificate issued by the Small Bus...

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