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.
Explore 504 loans

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.
Affiliated Group
When two or more...
Contracting
Purchasing, renting, leasing, or...
Physical Loans
Funds to repair/replace dis...
Injury Analysis
Measures the effects of...
Adjusted Net Worth
Post disaster fair market value of tangible...
Request for Proposal (RFP)
A document outlining a...
Current Liabilities
A balance sheet item, which...
Extraordinary Items
Additional expenses that are...
Federal Acquisition Regulation (FAR)
The body of regulations which is...
Protégé
A firm in a developmental stage that...
Depreciation
A non-cash operating expense that...
Applicant/Co-Applicant
Business entity and person requesting...
Contracting Officer
A person with the authority to...
Certificate of Competency
A certificate issued by the Small Bus...
Hardship Waiver
Method used to approve a...

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