Glossary
SBA Terms

Electronic Data Interchange

Transmission of information between computers using highly standardized electronic versions of common business documents.

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.
Explore 7a loans

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.
Request for Proposal (RFP)
A document outlining a...
Prime Contract
A contract awarded directly...
Subcontract
A contract between a prime cont...
Partnership
A type of unincorporated business org...
Limited Partnership
A business organization with one or...
Injury Period
The time period during...
DBA
ex. Blocker & Sons LLC, doing business as Bob's Burgers
Contract
A mutually binding legal rel..
Assets
The amount of current assets that is left...
Current Assets
A balance sheet item which equals...
Certified 8(a) Firm
A firm owned and operated by socially and...
Contracting
Purchasing, renting, leasing, or...
Phase 2
Process to be used to determine economic injury for...
Amortization
A non-cash operating expense that...
Adjusted Net Worth
Post disaster fair market value of tangible...

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