Glossary
SBA Terms

Defense Contractor

Any person who enters into a contract with the United States for the production of material or for the performance of services for the national defense.

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.
Collateral
Assets pledged by a borrower to secure a loan...
Liabilities
A financial obligation...
Equity
An accounting term used to...
Applicant Entity
The business entity requesting...
GPM%
The measure of every sales dollar left...
Amortization
A non-cash operating expense that...
Adjusted Net Worth
Post disaster fair market value of tangible...
Credit Score Test
Part of the home loan CET show a...
Contracting
Purchasing, renting, leasing, or...
Assets
The amount of current assets that is left...
Substantial Damage
This means uninsured or otherwise uncompensated...
Small Business Innovative Research (SBIR) Contract
A type of contract designed to...
Cash Flow Test
Part of the CET that determines if...
Projection
An estimate of future economic or...
Affiliate
Business concerns are affiliates if one concern...

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