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.
Phase 2
Process to be used to determine economic injury for...
Cash Flow Test
Part of the CET that determines if...
Affiliate
Business concerns are affiliates if one concern...
Mentor
A business, usually large, or...
Prime Contract
A contract awarded directly...
Contracting Officer
A person with the authority to...
Injury Period
The time period during...
Standard Industrial Classification (SIC) Code
A code representing a category within...
Normal Annual Sales
Those sales that would have...
Defense Contractor
Any person who enters into...
Small Business Innovative Research (SBIR) Contract
A type of contract designed to...
Injury Analysis
Measures the effects of...
Guarantor
The legal entity and...
Defense Acquisition Regulatory Council (DARC)
A group composed of rep...
Trend Analysis
A comparative analysis of...

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