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.
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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.
Break-even Analysis
A calculation of the approximate sales...
Lien
A legal claim against an...
Negotiation
Contracting through the use of...
Cash Flow Test
Part of the CET that determines if...
Amortization
A non-cash operating expense that...
Best and Final Offer
For negotiated procurements...
Contracting Officer
A person with the authority to...
NAICS
NAICS codes are common...
Subcontract
A contract between a prime cont...
SAE (Stand Alone Economic Injury Disaster Loan)
provide necessary working capital to...
Assets
The amount of current assets that is left...
Adjusted Net Worth
Post disaster fair market value of tangible...
Subsidiary
A company for which a majority of the...
Certified 8(a) Firm
A firm owned and operated by socially and...
Physical Loans
Funds to repair/replace dis...

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