Glossary
SBA Terms

Contracting

Purchasing, renting, leasing, or otherwise obtaining supplies or services from nonfederal sources. Contracting includes the description of supplies and services required, the selection and solicitation of sources, the preparation and award of contracts, and all phases of contract administration. It does not include grants or cooperative agreements.

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.
Applicant Entity
The business entity requesting...
Accrual Basis Accounting
recognizes revenues when earned and expenses are...
Companion File
When an applicant has another application filed...
Standard Industrial Classification (SIC) Code
A code representing a category within...
Fair and Reasonable Price
A price that is fair to both parties...
Affiliated Group
When two or more...
Days Receivable
A measure of the average time a...
Depreciation
A non-cash operating expense that...
Available Asset Test
Part of the CET that determines if an applicant(s) has...
Duplicated Interest
The amount of interest exp...
Cash Available to Service Additional Debt (CASAD)
The cash flow determined that...
Defense Contractor
Any person who enters into...
Acquisition
The acquiring of supplies or...
Business Activity
The business (or loss) activity of...
Principal
the owner(s) of the Applicant Entity that...

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