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.
Acquisition
The acquiring of supplies or...
Schedule of Liabilities
A business debt schedule that lists all of the debts...
Duplicated Interest
The amount of interest exp...
Working Capital (WC)
The amount of current assets that...
Current Liabilities
A balance sheet item, which...
Phase 1
Process used to determine the...
Prime Contract
A contract awarded directly...
Days Receivable
A measure of the average time a...
Cash Available to Service Additional Debt (CASAD)
The cash flow determined that...
Assets
The amount of current assets that is left...
Coastal Barrier Resource Area (COBRA)
A flood prone area in which...
Cash Flow Test
Part of the CET that determines if...
Adjusted Net Worth
Post disaster fair market value of tangible...
Contracting
Purchasing, renting, leasing, or...
Current Assets
A balance sheet item which equals...

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