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
The 7(a) Loan Program, SBA’s most common loan program, includes assistance for each business with unique needs.
SBA 504 loans are very popular for long-term, fixed rate financing of up to $5 million for major fixed assets.
The average Microloan is about $13,000. The Microloans program provides loans up to $50,000 to small businesses.
SBA Glossary

Common SBA Terms

Everything you need to know about common terms used to discuss SBA Loans.
Small Business
A business smaller than...
Affiliates
Business concerns, organizations, or...
Current Liabilities
A balance sheet item, which...
B/E (Business EIDL) Loan
A business loan that...
Prime Contract
A contract awarded directly...
Intermediary Organization
Organizations that play a funda...
DBA
ex. Blocker & Sons LLC, doing business as Bob's Burgers
GPM%
The measure of every sales dollar left...
Amortization
A non-cash operating expense that...
Coastal Barrier Resource Area (COBRA)
A flood prone area in which...
Joint Venture
In the SBA Mentor-Protégé Program...
NAICS
NAICS codes are common...
Standard Industrial Classification (SIC) Code
A code representing a category within...
Operating Leases
are deducted on the company’s...
Affiliated Group
When two or more...

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