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.
Subsidiary
A company for which a majority of the...
Lien
A legal claim against an...
GPM%
The measure of every sales dollar left...
Days Receivable
A measure of the average time a...
Partnership
A type of unincorporated business org...
Limited Partnership
A business organization with one or...
Contracting
Purchasing, renting, leasing, or...
Applicant/Co-Applicant
Business entity and person requesting...
Income Statement
Shows the entity’s income and...
Affiliates
Business concerns, organizations, or...
Hardship Waiver
Method used to approve a...
Business Activity
The business (or loss) activity of...
Primary Activity
The major business activity of...
Defense Acquisition Regulatory Council (DARC)
A group composed of rep...
Phase 2
Process to be used to determine economic injury for...

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