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.
Explore microloans
SBA Glossary

Common SBA Terms

Everything you need to know about common terms used to discuss SBA Loans.
Normal Annual Sales
Those sales that would have...
Amortization
A non-cash operating expense that...
NAICS
NAICS codes are common...
Liabilities
A financial obligation...
Injury Period
The time period during...
GPM%
The measure of every sales dollar left...
Equity
An accounting term used to...
Credit Elsewhere Test (CET)
The test to determine the...
Substantial Damage
This means uninsured or otherwise uncompensated...
Contract
A mutually binding legal rel..
Comparative Analysis
Is designed to point out significant trends that...
Certificate of Competency
A certificate issued by the Small Bus...
DBA
ex. Blocker & Sons LLC, doing business as Bob's Burgers
Full and Open Competition
With respect to a contract action...
Break-even Analysis
A calculation of the approximate sales...

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