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.
Contract
A mutually binding legal rel..
Full and Open Competition
With respect to a contract action...
Sole Proprietor
an individual who...
Guarantor
The legal entity and...
Phase 1
Process used to determine the...
Principal
the owner(s) of the Applicant Entity that...
Loan Authorization and Agreement (LA&A)
A contract between SBA and the borrower that...
Schedule of Liabilities
A business debt schedule that lists all of the debts...
Break-even Analysis
A calculation of the approximate sales...
Companion File
When an applicant has another application filed...
S-Corporation
A form of corporation, allowed by...
Limited Liability Entities (company/partnership)
An LLE provides business owners with...
Defense Contractor
Any person who enters into...
GPM%
The measure of every sales dollar left...
Primary Activity
The major business activity of...

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