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.
Partnership
A type of unincorporated business org...
Days Receivable
A measure of the average time a...
Applicant Entity
The business entity requesting...
Partnering
A mutually beneficial business-to-bus...
Accrual Basis Accounting
recognizes revenues when earned and expenses are...
Equity
An accounting term used to...
Depreciation
A non-cash operating expense that...
Physical Loans
Funds to repair/replace dis...
Primary Activity
The major business activity of...
S-Corporation
A form of corporation, allowed by...
Guarantor
The legal entity and...
Affiliated Group
When two or more...
Small Business Development Centers (SBDC)
SBDCs offer a broad spec...
Emerging Small Business
A small business concern whose...
Defense Contractor
Any person who enters into...

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