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.
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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.
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SBA Glossary

Common SBA Terms

Everything you need to know about common terms used to discuss SBA Loans.
Applicant/Co-Applicant
Business entity and person requesting...
S-Corporation
A form of corporation, allowed by...
Small Business Development Centers (SBDC)
SBDCs offer a broad spec...
Certified 8(a) Firm
A firm owned and operated by socially and...
Amortization
A non-cash operating expense that...
Liabilities
A financial obligation...
Affiliate
Business concerns are affiliates if one concern...
Companion File
When an applicant has another application filed...
Business Activity
The business (or loss) activity of...
Electronic Data Interchange
Transmission of information bet...
Lien
A legal claim against an...
Certificate of Competency
A certificate issued by the Small Bus...
Cash Available to Service Additional Debt (CASAD)
The cash flow determined that...
Economic Injury Disaster Loan (EIDL)
a working capital loan that...
Days Payable
A measure of the average time a...

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