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.
Full and Open Competition
With respect to a contract action...
Contracting
Purchasing, renting, leasing, or...
Certified 8(a) Firm
A firm owned and operated by socially and...
Injury Analysis
Measures the effects of...
Subcontract
A contract between a prime cont...
Normal Gross Margin
The margin that would have been...
Contracting Officer
A person with the authority to...
Economic Injury Disaster Loan (EIDL)
a working capital loan that...
Affiliated Group
When two or more...
Negotiation
Contracting through the use of...
Affiliates
Business concerns, organizations, or...
P&L (Profit and Loss Statement)
also considered as Income Statement or...
Principal
the owner(s) of the Applicant Entity that...
Amortization
A non-cash operating expense that...
Joint Venture
In the SBA Mentor-Protégé Program...

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