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.
Injury Period
The time period during...
Comparative Analysis
Is designed to point out significant trends that...
Intermediary Organization
Organizations that play a funda...
Contracting
Purchasing, renting, leasing, or...
Subsidiary
A company for which a majority of the...
Electronic Data Interchange
Transmission of information bet...
Schedule of Liabilities
A business debt schedule that lists all of the debts...
Duplicated Interest
The amount of interest exp...
Current Assets
A balance sheet item which equals...
Break-even Analysis
A calculation of the approximate sales...
B/E (Business EIDL) Loan
A business loan that...
Partnering
A mutually beneficial business-to-bus...
Injury Analysis
Measures the effects of...
Credit Elsewhere Test (CET)
The test to determine the...
Fair and Reasonable Price
A price that is fair to both parties...

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