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...
DBA
ex. Blocker & Sons LLC, doing business as Bob's Burgers
Days Payable
A measure of the average time a...
Current Liabilities
A balance sheet item, which...
Prime Contract
A contract awarded directly...
Guarantor
The legal entity and...
Certificate of Competency
A certificate issued by the Small Bus...
Collateral
Assets pledged by a borrower to secure a loan...
Affiliates
Business concerns, organizations, or...
Contractor Team Arrangement
An arrangement in which...
Sole Proprietor
an individual who...
Best and Final Offer
For negotiated procurements...
GPM%
The measure of every sales dollar left...
Balance Sheet or Statement of Financial Position
Assets = Liabilities + Equity...
Equity
An accounting term used to...

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