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.
Extraordinary Items
Additional expenses that are...
Injury Period
The time period during...
Applicant/Co-Applicant
Business entity and person requesting...
Mentor
A business, usually large, or...
SAE (Stand Alone Economic Injury Disaster Loan)
provide necessary working capital to...
Cash Flow Test
Part of the CET that determines if...
Defense Contractor
Any person who enters into...
Request for Proposal (RFP)
A document outlining a...
Best and Final Offer
For negotiated procurements...
Assets
The amount of current assets that is left...
GPM%
The measure of every sales dollar left...
Capital Leases
are for the purchase of fixed assets such as...
Working Capital (WC)
The amount of current assets that...
Federal Acquisition Regulation (FAR)
The body of regulations which is...
Physical Loans
Funds to repair/replace dis...

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