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.
B/E (Business EIDL) Loan
A business loan that...
Income Statement
Shows the entity’s income and...
Credit Score Test
Part of the home loan CET show a...
Affiliates
Business concerns, organizations, or...
Physical Loans
Funds to repair/replace dis...
Balance Sheet or Statement of Financial Position
Assets = Liabilities + Equity...
Accrual Basis Accounting
recognizes revenues when earned and expenses are...
Assets
The amount of current assets that is left...
Standard Industrial Classification (SIC) Code
A code representing a category within...
DBA
ex. Blocker & Sons LLC, doing business as Bob's Burgers
Limited Partnership
A business organization with one or...
Collateral
Assets pledged by a borrower to secure a loan...
Federal Acquisition Regulation (FAR)
The body of regulations which is...
Subcontract
A contract between a prime cont...
Applicant Individual
aka who is requesting an SBA loan...

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