Glossary
SBA Terms

Contract

A mutually binding legal relationship obligating the seller to furnish supplies or services (including construction) and the buyer to pay for them.

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.
Hardship Waiver
Method used to approve a...
Partnering
A mutually beneficial business-to-bus...
Capital Leases
are for the purchase of fixed assets such as...
Defense Acquisition Regulatory Council (DARC)
A group composed of rep...
Days Payable
A measure of the average time a...
Best and Final Offer
For negotiated procurements...
Emerging Small Business
A small business concern whose...
Intermediary Organization
Organizations that play a funda...
Contracting Officer
A person with the authority to...
Current Liabilities
A balance sheet item, which...
Comparative Analysis
Is designed to point out significant trends that...
Amortization
A non-cash operating expense that...
Duplicated Interest
The amount of interest exp...
Affiliated Group
When two or more...
Trend Analysis
A comparative analysis of...

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