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.
Applicant Entity
The business entity requesting...
Principal
the owner(s) of the Applicant Entity that...
Physical Loans
Funds to repair/replace dis...
Emerging Small Business
A small business concern whose...
Hardship Waiver
Method used to approve a...
Current Assets
A balance sheet item which equals...
Balance Sheet or Statement of Financial Position
Assets = Liabilities + Equity...
Contracting
Purchasing, renting, leasing, or...
Partnering
A mutually beneficial business-to-bus...
Working Capital (WC)
The amount of current assets that...
Contract
A mutually binding legal rel..
Applicant Individual
aka who is requesting an SBA loan...
Break-even Analysis
A calculation of the approximate sales...
Credit Elsewhere Test (CET)
The test to determine the...
Normal Annual Sales
Those sales that would have...

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