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.
Federal Acquisition Regulation (FAR)
The body of regulations which is...
Comparative Analysis
Is designed to point out significant trends that...
Small Business Development Centers (SBDC)
SBDCs offer a broad spec...
Assets
The amount of current assets that is left...
Affiliate
Business concerns are affiliates if one concern...
Operating Leases
are deducted on the company’s...
Current Assets
A balance sheet item which equals...
Business Activity
The business (or loss) activity of...
Accrual Basis Accounting
recognizes revenues when earned and expenses are...
Cash-basis Accounting
records revenue when cash is...
Collateral
Assets pledged by a borrower to secure a loan...
Economic Injury Disaster Loan (EIDL)
a working capital loan that...
Duplicated Interest
The amount of interest exp...
Emerging Small Business
A small business concern whose...
DBA
ex. Blocker & Sons LLC, doing business as Bob's Burgers

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