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.
DBA
ex. Blocker & Sons LLC, doing business as Bob's Burgers
SCORE
Counselors to America's Small Bus...
Projection
An estimate of future economic or...
Liabilities
A financial obligation...
Adjusted Net Worth
Post disaster fair market value of tangible...
Best and Final Offer
For negotiated procurements...
Applicant/Co-Applicant
Business entity and person requesting...
Working Capital (WC)
The amount of current assets that...
Fair and Reasonable Price
A price that is fair to both parties...
Equity
An accounting term used to...
Duplicated Interest
The amount of interest exp...
Intermediary Organization
Organizations that play a funda...
Cash Available to Service Additional Debt (CASAD)
The cash flow determined that...
Certified 8(a) Firm
A firm owned and operated by socially and...
Current Liabilities
A balance sheet item, which...

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