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.
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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.
Credit Score Test
Part of the home loan CET show a...
Limited Partnership
A business organization with one or...
Best and Final Offer
For negotiated procurements...
Normal Annual Sales
Those sales that would have...
Primary Activity
The major business activity of...
Cash Flow Test
Part of the CET that determines if...
SAE (Stand Alone Economic Injury Disaster Loan)
provide necessary working capital to...
Affiliated Group
When two or more...
Liabilities
A financial obligation...
Small Disadvantaged Business Concern
A small business concern that...
Certified 8(a) Firm
A firm owned and operated by socially and...
Cash-basis Accounting
records revenue when cash is...
Principal
the owner(s) of the Applicant Entity that...
Subcontract
A contract between a prime cont...
Defense Acquisition Regulatory Council (DARC)
A group composed of rep...

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