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.
Explore 504 loans

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.
Contracting
Purchasing, renting, leasing, or...
Substantial Damage
This means uninsured or otherwise uncompensated...
Current Liabilities
A balance sheet item, which...
Partnership
A type of unincorporated business org...
Contracting Officer
A person with the authority to...
Certified 8(a) Firm
A firm owned and operated by socially and...
Corporation (C-corp.)
The most common form of business org...
Negotiation
Contracting through the use of...
Capital Leases
are for the purchase of fixed assets such as...
B/E (Business EIDL) Loan
A business loan that...
Coastal Barrier Resource Area (COBRA)
A flood prone area in which...
Hardship Waiver
Method used to approve a...
Loan Authorization and Agreement (LA&A)
A contract between SBA and the borrower that...
Economic Injury Disaster Loan (EIDL)
a working capital loan that...
Affiliate
Business concerns are affiliates if one concern...

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