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.
Small Business
A business smaller than...
Defense Acquisition Regulatory Council (DARC)
A group composed of rep...
Trend Analysis
A comparative analysis of...
Accrual Basis Accounting
recognizes revenues when earned and expenses are...
Loan Authorization and Agreement (LA&A)
A contract between SBA and the borrower that...
Assets
The amount of current assets that is left...
Credit Elsewhere Test (CET)
The test to determine the...
Standard Industrial Classification (SIC) Code
A code representing a category within...
Break-even Analysis
A calculation of the approximate sales...
P&L (Profit and Loss Statement)
also considered as Income Statement or...
Economic Injury Disaster Loan (EIDL)
a working capital loan that...
Primary Activity
The major business activity of...
Comparative Analysis
Is designed to point out significant trends that...
Principal
the owner(s) of the Applicant Entity that...
Normal Annual Sales
Those sales that would have...

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