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.
Emerging Small Business
A small business concern whose...
Applicant Individual
aka who is requesting an SBA loan...
Phase 1
Process used to determine the...
Current Liabilities
A balance sheet item, which...
Guarantor
The legal entity and...
Acquisition
The acquiring of supplies or...
NAICS
NAICS codes are common...
Partnering
A mutually beneficial business-to-bus...
Subsidiary
A company for which a majority of the...
Primary Activity
The major business activity of...
Hardship Waiver
Method used to approve a...
Small Disadvantaged Business Concern
A small business concern that...
Defense Contractor
Any person who enters into...
Contractor Team Arrangement
An arrangement in which...
Affiliate
Business concerns are affiliates if one concern...

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