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.
Depreciation
A non-cash operating expense that...
Normal Annual Sales
Those sales that would have...
Injury Period
The time period during...
Current Assets
A balance sheet item which equals...
Capital Leases
are for the purchase of fixed assets such as...
Full and Open Competition
With respect to a contract action...
Subcontract
A contract between a prime cont...
Cash Flow Test
Part of the CET that determines if...
Trend Analysis
A comparative analysis of...
Days Payable
A measure of the average time a...
Comparative Analysis
Is designed to point out significant trends that...
Subsidiary
A company for which a majority of the...
Balance Sheet or Statement of Financial Position
Assets = Liabilities + Equity...
Break-even Analysis
A calculation of the approximate sales...
Assets
The amount of current assets that is left...

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