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.
NAICS
NAICS codes are common...
S-Corporation
A form of corporation, allowed by...
Certificate of Competency
A certificate issued by the Small Bus...
Standard Industrial Classification (SIC) Code
A code representing a category within...
Applicant Individual
aka who is requesting an SBA loan...
Partnership
A type of unincorporated business org...
Intermediary Organization
Organizations that play a funda...
Request for Proposal (RFP)
A document outlining a...
Available Asset Test
Part of the CET that determines if an applicant(s) has...
Defense Acquisition Regulatory Council (DARC)
A group composed of rep...
Defense Contractor
Any person who enters into...
Acquisition
The acquiring of supplies or...
Affiliate
Business concerns are affiliates if one concern...
Income Statement
Shows the entity’s income and...
Economic Injury Disaster Loan (EIDL)
a working capital loan that...

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