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.
Federal Acquisition Regulation (FAR)
The body of regulations which is...
Duplicated Interest
The amount of interest exp...
Defense Contractor
Any person who enters into...
Small Business
A business smaller than...
Phase 2
Process to be used to determine economic injury for...
Amortization
A non-cash operating expense that...
Coastal Barrier Resource Area (COBRA)
A flood prone area in which...
Primary Activity
The major business activity of...
Guarantor
The legal entity and...
Break-even Analysis
A calculation of the approximate sales...
Small Business Development Centers (SBDC)
SBDCs offer a broad spec...
Standard Industrial Classification (SIC) Code
A code representing a category within...
Extraordinary Items
Additional expenses that are...
Loan Authorization and Agreement (LA&A)
A contract between SBA and the borrower that...
Contracting
Purchasing, renting, leasing, or...

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