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.
Principal
the owner(s) of the Applicant Entity that...
Certified 8(a) Firm
A firm owned and operated by socially and...
Mentor
A business, usually large, or...
Capital Leases
are for the purchase of fixed assets such as...
Federal Acquisition Regulation (FAR)
The body of regulations which is...
Collateral
Assets pledged by a borrower to secure a loan...
Companion File
When an applicant has another application filed...
Defense Acquisition Regulatory Council (DARC)
A group composed of rep...
Negotiation
Contracting through the use of...
Credit Score Test
Part of the home loan CET show a...
Electronic Data Interchange
Transmission of information bet...
Injury Analysis
Measures the effects of...
Depreciation
A non-cash operating expense that...
DBA
ex. Blocker & Sons LLC, doing business as Bob's Burgers
Income Statement
Shows the entity’s income and...

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