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.
Phase 1
Process used to determine the...
Collateral
Assets pledged by a borrower to secure a loan...
Defense Acquisition Regulatory Council (DARC)
A group composed of rep...
Electronic Data Interchange
Transmission of information bet...
Operating Leases
are deducted on the company’s...
Primary Activity
The major business activity of...
Small Business Innovative Research (SBIR) Contract
A type of contract designed to...
Standard Industrial Classification (SIC) Code
A code representing a category within...
Adjusted Net Worth
Post disaster fair market value of tangible...
Contracting
Purchasing, renting, leasing, or...
Small Business Development Centers (SBDC)
SBDCs offer a broad spec...
Schedule of Liabilities
A business debt schedule that lists all of the debts...
Trend Analysis
A comparative analysis of...
Injury Analysis
Measures the effects of...
Guarantor
The legal entity and...

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