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.
Break-even Analysis
A calculation of the approximate sales...
Current Liabilities
A balance sheet item, which...
Current Assets
A balance sheet item which equals...
SCORE
Counselors to America's Small Bus...
Full and Open Competition
With respect to a contract action...
Loan Authorization and Agreement (LA&A)
A contract between SBA and the borrower that...
Normal Annual Sales
Those sales that would have...
Certificate of Competency
A certificate issued by the Small Bus...
DBA
ex. Blocker & Sons LLC, doing business as Bob's Burgers
Negotiation
Contracting through the use of...
Accrual Basis Accounting
recognizes revenues when earned and expenses are...
Contracting
Purchasing, renting, leasing, or...
S-Corporation
A form of corporation, allowed by...
Primary Activity
The major business activity of...
Applicant Individual
aka who is requesting an SBA loan...

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