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.
Phase 1
Process used to determine the...
Current Assets
A balance sheet item which equals...
Contracting
Purchasing, renting, leasing, or...
SCORE
Counselors to America's Small Bus...
Emerging Small Business
A small business concern whose...
Loan Authorization and Agreement (LA&A)
A contract between SBA and the borrower that...
Economic Injury Disaster Loan (EIDL)
a working capital loan that...
Partnership
A type of unincorporated business org...
Small Disadvantaged Business Concern
A small business concern that...
Coastal Barrier Resource Area (COBRA)
A flood prone area in which...
Electronic Data Interchange
Transmission of information bet...
Limited Liability Entities (company/partnership)
An LLE provides business owners with...
Income Statement
Shows the entity’s income and...
Business Activity
The business (or loss) activity of...
Comparative Analysis
Is designed to point out significant trends that...

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