Glossary
SBA Terms

DBA

Doing Business As - generally a trade name such as “Bob’s Burgers” is used, instead of the legal name of Blocker & Sons LLC.

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.
Comparative Analysis
Is designed to point out significant trends that...
Credit Elsewhere Test (CET)
The test to determine the...
Electronic Data Interchange
Transmission of information bet...
Affiliates
Business concerns, organizations, or...
Companion File
When an applicant has another application filed...
Defense Acquisition Regulatory Council (DARC)
A group composed of rep...
Current Liabilities
A balance sheet item, which...
Accrual Basis Accounting
recognizes revenues when earned and expenses are...
Defense Contractor
Any person who enters into...
Assets
The amount of current assets that is left...
Contracting Officer
A person with the authority to...
Small Disadvantaged Business Concern
A small business concern that...
DBA
ex. Blocker & Sons LLC, doing business as Bob's Burgers
Phase 1
Process used to determine the...
Balance Sheet or Statement of Financial Position
Assets = Liabilities + Equity...

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