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.
Explore microloans
SBA Glossary

Common SBA Terms

Everything you need to know about common terms used to discuss SBA Loans.
Best and Final Offer
For negotiated procurements...
Applicant/Co-Applicant
Business entity and person requesting...
Applicant Entity
The business entity requesting...
Defense Contractor
Any person who enters into...
Guarantor
The legal entity and...
Small Business
A business smaller than...
Prime Contract
A contract awarded directly...
Comparative Analysis
Is designed to point out significant trends that...
Lien
A legal claim against an...
Injury Analysis
Measures the effects of...
S-Corporation
A form of corporation, allowed by...
SAE (Stand Alone Economic Injury Disaster Loan)
provide necessary working capital to...
Accrual Basis Accounting
recognizes revenues when earned and expenses are...
Corporation (C-corp.)
The most common form of business org...
Limited Partnership
A business organization with one or...

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