Glossary
SBA Terms

Full and Open Competition

With respect to a contract action, "full and open" competition means that all responsible sources are permitted to compete.

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.
Protégé
A firm in a developmental stage that...
Hardship Waiver
Method used to approve a...
Balance Sheet or Statement of Financial Position
Assets = Liabilities + Equity...
Depreciation
A non-cash operating expense that...
Phase 2
Process to be used to determine economic injury for...
Subsidiary
A company for which a majority of the...
NAICS
NAICS codes are common...
SAE (Stand Alone Economic Injury Disaster Loan)
provide necessary working capital to...
Principal
the owner(s) of the Applicant Entity that...
SCORE
Counselors to America's Small Bus...
Amortization
A non-cash operating expense that...
Request for Proposal (RFP)
A document outlining a...
Electronic Data Interchange
Transmission of information bet...
Liabilities
A financial obligation...
Trend Analysis
A comparative analysis of...

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