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.
SAE (Stand Alone Economic Injury Disaster Loan)
provide necessary working capital to...
Defense Acquisition Regulatory Council (DARC)
A group composed of rep...
Acquisition
The acquiring of supplies or...
Business Activity
The business (or loss) activity of...
Projection
An estimate of future economic or...
P&L (Profit and Loss Statement)
also considered as Income Statement or...
Assets
The amount of current assets that is left...
Lien
A legal claim against an...
Limited Liability Entities (company/partnership)
An LLE provides business owners with...
Primary Activity
The major business activity of...
Subcontract
A contract between a prime cont...
Contracting Officer
A person with the authority to...
Accrual Basis Accounting
recognizes revenues when earned and expenses are...
Best and Final Offer
For negotiated procurements...
Normal Gross Margin
The margin that would have been...

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