Glossary
SBA Terms

Joint Venture

In the SBA Mentor-Protégé Program, an agreement between a certified 8(a) firm and a mentor firm to perform a specific federal contract.

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.
Principal
the owner(s) of the Applicant Entity that...
Normal Annual Sales
Those sales that would have...
Prime Contract
A contract awarded directly...
Defense Acquisition Regulatory Council (DARC)
A group composed of rep...
Certified 8(a) Firm
A firm owned and operated by socially and...
Depreciation
A non-cash operating expense that...
Limited Liability Entities (company/partnership)
An LLE provides business owners with...
Electronic Data Interchange
Transmission of information bet...
Contracting Officer
A person with the authority to...
Certificate of Competency
A certificate issued by the Small Bus...
Economic Injury Disaster Loan (EIDL)
a working capital loan that...
Capital Leases
are for the purchase of fixed assets such as...
Limited Partnership
A business organization with one or...
Protégé
A firm in a developmental stage that...
Cash Flow Test
Part of the CET that determines if...

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