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.
Limited Partnership
A business organization with one or...
Normal Annual Sales
Those sales that would have...
Intermediary Organization
Organizations that play a funda...
Phase 1
Process used to determine the...
Extraordinary Items
Additional expenses that are...
Economic Injury Disaster Loan (EIDL)
a working capital loan that...
Mentor
A business, usually large, or...
Contracting Officer
A person with the authority to...
DBA
ex. Blocker & Sons LLC, doing business as Bob's Burgers
Phase 2
Process to be used to determine economic injury for...
Business Activity
The business (or loss) activity of...
Applicant Entity
The business entity requesting...
Amortization
A non-cash operating expense that...
Comparative Analysis
Is designed to point out significant trends that...
Working Capital (WC)
The amount of current assets that...

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