Glossary
SBA Terms

Fair and Reasonable Price

A price that is fair to both parties, considering the agreed-upon conditions, promised quality, and timeliness of contract performance. "Fair and reasonable" price is subject to statutory and regulatory limitations.

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.
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SBA 504 Loans

SBA 504 loans are very popular for long-term, fixed rate financing of up to $5 million for major fixed assets.
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SBA Microloans

The average Microloan is about $13,000. The Microloans program provides loans up to $50,000 to small businesses.
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SBA Glossary

Common SBA Terms

Everything you need to know about common terms used to discuss SBA Loans.
Corporation (C-corp.)
The most common form of business org...
Economic Injury Disaster Loan (EIDL)
a working capital loan that...
Request for Proposal (RFP)
A document outlining a...
Limited Partnership
A business organization with one or...
Trend Analysis
A comparative analysis of...
Coastal Barrier Resource Area (COBRA)
A flood prone area in which...
Contracting Officer
A person with the authority to...
Certified 8(a) Firm
A firm owned and operated by socially and...
Working Capital (WC)
The amount of current assets that...
Injury Analysis
Measures the effects of...
Days Payable
A measure of the average time a...
Physical Loans
Funds to repair/replace dis...
Intermediary Organization
Organizations that play a funda...
Joint Venture
In the SBA Mentor-Protégé Program...
Contracting
Purchasing, renting, leasing, or...

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