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.
Applicant Entity
The business entity requesting...
Federal Acquisition Regulation (FAR)
The body of regulations which is...
Certified 8(a) Firm
A firm owned and operated by socially and...
Corporation (C-corp.)
The most common form of business org...
Affiliate
Business concerns are affiliates if one concern...
SAE (Stand Alone Economic Injury Disaster Loan)
provide necessary working capital to...
Injury Period
The time period during...
SCORE
Counselors to America's Small Bus...
Phase 2
Process to be used to determine economic injury for...
Small Disadvantaged Business Concern
A small business concern that...
Schedule of Liabilities
A business debt schedule that lists all of the debts...
Prime Contract
A contract awarded directly...
Working Capital (WC)
The amount of current assets that...
Joint Venture
In the SBA Mentor-Protégé Program...
Available Asset Test
Part of the CET that determines if an applicant(s) has...

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