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.
Fair and Reasonable Price
A price that is fair to both parties...
Loan Authorization and Agreement (LA&A)
A contract between SBA and the borrower that...
Liabilities
A financial obligation...
Income Statement
Shows the entity’s income and...
Adjusted Net Worth
Post disaster fair market value of tangible...
Amortization
A non-cash operating expense that...
Physical Loans
Funds to repair/replace dis...
Small Disadvantaged Business Concern
A small business concern that...
Emerging Small Business
A small business concern whose...
SAE (Stand Alone Economic Injury Disaster Loan)
provide necessary working capital to...
Credit Elsewhere Test (CET)
The test to determine the...
Balance Sheet or Statement of Financial Position
Assets = Liabilities + Equity...
Partnership
A type of unincorporated business org...
Standard Industrial Classification (SIC) Code
A code representing a category within...
Cash Available to Service Additional Debt (CASAD)
The cash flow determined that...

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