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.
Physical Loans
Funds to repair/replace dis...
Credit Elsewhere Test (CET)
The test to determine the...
Protégé
A firm in a developmental stage that...
Injury Analysis
Measures the effects of...
Defense Contractor
Any person who enters into...
Break-even Analysis
A calculation of the approximate sales...
Cash Flow Test
Part of the CET that determines if...
Lien
A legal claim against an...
Phase 1
Process used to determine the...
Balance Sheet or Statement of Financial Position
Assets = Liabilities + Equity...
Limited Liability Entities (company/partnership)
An LLE provides business owners with...
Liabilities
A financial obligation...
Credit Score Test
Part of the home loan CET show a...
Full and Open Competition
With respect to a contract action...
Accrual Basis Accounting
recognizes revenues when earned and expenses are...

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