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.
Limited Liability Entities (company/partnership)
An LLE provides business owners with...
Coastal Barrier Resource Area (COBRA)
A flood prone area in which...
Contractor Team Arrangement
An arrangement in which...
Trend Analysis
A comparative analysis of...
Certificate of Competency
A certificate issued by the Small Bus...
Contract
A mutually binding legal rel..
Income Statement
Shows the entity’s income and...
Best and Final Offer
For negotiated procurements...
Defense Contractor
Any person who enters into...
Contracting
Purchasing, renting, leasing, or...
Assets
The amount of current assets that is left...
Normal Annual Sales
Those sales that would have...
GPM%
The measure of every sales dollar left...
Business Activity
The business (or loss) activity of...
Schedule of Liabilities
A business debt schedule that lists all of the debts...

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