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.
Working Capital (WC)
The amount of current assets that...
Mentor
A business, usually large, or...
Available Asset Test
Part of the CET that determines if an applicant(s) has...
Substantial Damage
This means uninsured or otherwise uncompensated...
Credit Elsewhere Test (CET)
The test to determine the...
P&L (Profit and Loss Statement)
also considered as Income Statement or...
Income Statement
Shows the entity’s income and...
Phase 1
Process used to determine the...
Extraordinary Items
Additional expenses that are...
Subcontract
A contract between a prime cont...
Affiliated Group
When two or more...
Trend Analysis
A comparative analysis of...
Intermediary Organization
Organizations that play a funda...
Applicant/Co-Applicant
Business entity and person requesting...
Cash Available to Service Additional Debt (CASAD)
The cash flow determined that...

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