Glossary
SBA Terms

Contracting Officer

A person with the authority to enter into, administer, and/or terminate contracts and make related determinations and findings.

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.
Capital Leases
are for the purchase of fixed assets such as...
Corporation (C-corp.)
The most common form of business org...
Cash Flow Test
Part of the CET that determines if...
GPM%
The measure of every sales dollar left...
Emerging Small Business
A small business concern whose...
Applicant Individual
aka who is requesting an SBA loan...
Current Liabilities
A balance sheet item, which...
Coastal Barrier Resource Area (COBRA)
A flood prone area in which...
Small Business Development Centers (SBDC)
SBDCs offer a broad spec...
Request for Proposal (RFP)
A document outlining a...
Full and Open Competition
With respect to a contract action...
Small Business
A business smaller than...
Affiliated Group
When two or more...
Current Assets
A balance sheet item which equals...
Subcontract
A contract between a prime cont...

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