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.
Capital Leases
are for the purchase of fixed assets such as...
Credit Score Test
Part of the home loan CET show a...
Days Payable
A measure of the average time a...
Collateral
Assets pledged by a borrower to secure a loan...
Partnering
A mutually beneficial business-to-bus...
Amortization
A non-cash operating expense that...
Applicant/Co-Applicant
Business entity and person requesting...
Contracting
Purchasing, renting, leasing, or...
Contractor Team Arrangement
An arrangement in which...
Available Asset Test
Part of the CET that determines if an applicant(s) has...
Accrual Basis Accounting
recognizes revenues when earned and expenses are...
Trend Analysis
A comparative analysis of...
Contract
A mutually binding legal rel..
Affiliate
Business concerns are affiliates if one concern...
Certified 8(a) Firm
A firm owned and operated by socially and...

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