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.
Contracting
Purchasing, renting, leasing, or...
Working Capital (WC)
The amount of current assets that...
SAE (Stand Alone Economic Injury Disaster Loan)
provide necessary working capital to...
Applicant Entity
The business entity requesting...
Applicant Individual
aka who is requesting an SBA loan...
Equity
An accounting term used to...
P&L (Profit and Loss Statement)
also considered as Income Statement or...
Standard Industrial Classification (SIC) Code
A code representing a category within...
Cash Flow Test
Part of the CET that determines if...
Partnering
A mutually beneficial business-to-bus...
Fair and Reasonable Price
A price that is fair to both parties...
Adjusted Net Worth
Post disaster fair market value of tangible...
Corporation (C-corp.)
The most common form of business org...
Substantial Damage
This means uninsured or otherwise uncompensated...
Small Disadvantaged Business Concern
A small business concern that...

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