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.
Applicant Entity
The business entity requesting...
Economic Injury Disaster Loan (EIDL)
a working capital loan that...
Phase 1
Process used to determine the...
Contracting
Purchasing, renting, leasing, or...
Cash Flow Test
Part of the CET that determines if...
Cash Available to Service Additional Debt (CASAD)
The cash flow determined that...
Guarantor
The legal entity and...
Small Business Development Centers (SBDC)
SBDCs offer a broad spec...
Companion File
When an applicant has another application filed...
Request for Proposal (RFP)
A document outlining a...
SCORE
Counselors to America's Small Bus...
Current Assets
A balance sheet item which equals...
Protégé
A firm in a developmental stage that...
Collateral
Assets pledged by a borrower to secure a loan...
SAE (Stand Alone Economic Injury Disaster Loan)
provide necessary working capital to...

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