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...
Corporation (C-corp.)
The most common form of business org...
Assets
The amount of current assets that is left...
Income Statement
Shows the entity’s income and...
Cash-basis Accounting
records revenue when cash is...
Partnering
A mutually beneficial business-to-bus...
S-Corporation
A form of corporation, allowed by...
Equity
An accounting term used to...
Affiliates
Business concerns, organizations, or...
Subcontract
A contract between a prime cont...
Full and Open Competition
With respect to a contract action...
GPM%
The measure of every sales dollar left...
Principal
the owner(s) of the Applicant Entity that...
Balance Sheet or Statement of Financial Position
Assets = Liabilities + Equity...
Standard Industrial Classification (SIC) Code
A code representing a category within...

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