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.
Affiliates
Business concerns, organizations, or...
Defense Contractor
Any person who enters into...
GPM%
The measure of every sales dollar left...
B/E (Business EIDL) Loan
A business loan that...
Small Business
A business smaller than...
Intermediary Organization
Organizations that play a funda...
Phase 1
Process used to determine the...
Injury Period
The time period during...
Subsidiary
A company for which a majority of the...
Corporation (C-corp.)
The most common form of business org...
Limited Partnership
A business organization with one or...
Income Statement
Shows the entity’s income and...
Mentor
A business, usually large, or...
Operating Leases
are deducted on the company’s...
Sole Proprietor
an individual who...

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