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.
Collateral
Assets pledged by a borrower to secure a loan...
SAE (Stand Alone Economic Injury Disaster Loan)
provide necessary working capital to...
Business Activity
The business (or loss) activity of...
Sole Proprietor
an individual who...
Affiliated Group
When two or more...
Small Business Development Centers (SBDC)
SBDCs offer a broad spec...
Principal
the owner(s) of the Applicant Entity that...
Available Asset Test
Part of the CET that determines if an applicant(s) has...
Subsidiary
A company for which a majority of the...
Emerging Small Business
A small business concern whose...
Current Liabilities
A balance sheet item, which...
Protégé
A firm in a developmental stage that...
DBA
ex. Blocker & Sons LLC, doing business as Bob's Burgers
Certificate of Competency
A certificate issued by the Small Bus...
Duplicated Interest
The amount of interest exp...

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