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.
Affiliates
Business concerns, organizations, or...
Collateral
Assets pledged by a borrower to secure a loan...
P&L (Profit and Loss Statement)
also considered as Income Statement or...
Affiliate
Business concerns are affiliates if one concern...
DBA
ex. Blocker & Sons LLC, doing business as Bob's Burgers
Protégé
A firm in a developmental stage that...
Phase 2
Process to be used to determine economic injury for...
Subcontract
A contract between a prime cont...
Request for Proposal (RFP)
A document outlining a...
Contractor Team Arrangement
An arrangement in which...
Credit Score Test
Part of the home loan CET show a...
Current Assets
A balance sheet item which equals...
Joint Venture
In the SBA Mentor-Protégé Program...
Small Business
A business smaller than...
S-Corporation
A form of corporation, allowed by...

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