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.
Explore microloans
SBA Glossary

Common SBA Terms

Everything you need to know about common terms used to discuss SBA Loans.
SCORE
Counselors to America's Small Bus...
Small Disadvantaged Business Concern
A small business concern that...
Fair and Reasonable Price
A price that is fair to both parties...
Small Business
A business smaller than...
Corporation (C-corp.)
The most common form of business org...
Projection
An estimate of future economic or...
Best and Final Offer
For negotiated procurements...
Available Asset Test
Part of the CET that determines if an applicant(s) has...
Contracting Officer
A person with the authority to...
Federal Acquisition Regulation (FAR)
The body of regulations which is...
Limited Partnership
A business organization with one or...
Comparative Analysis
Is designed to point out significant trends that...
Request for Proposal (RFP)
A document outlining a...
Primary Activity
The major business activity of...
Adjusted Net Worth
Post disaster fair market value of tangible...

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