Glossary
SBA Terms

Negotiation

Contracting through the use of either competitive or other-than-competitive proposals and discussions. Any contract awarded without using sealed bidding procedures is a negotiated 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.
Federal Acquisition Regulation (FAR)
The body of regulations which is...
Limited Partnership
A business organization with one or...
SAE (Stand Alone Economic Injury Disaster Loan)
provide necessary working capital to...
Applicant/Co-Applicant
Business entity and person requesting...
Current Assets
A balance sheet item which equals...
Guarantor
The legal entity and...
Subcontract
A contract between a prime cont...
Extraordinary Items
Additional expenses that are...
Certified 8(a) Firm
A firm owned and operated by socially and...
Phase 1
Process used to determine the...
Standard Industrial Classification (SIC) Code
A code representing a category within...
Negotiation
Contracting through the use of...
Defense Acquisition Regulatory Council (DARC)
A group composed of rep...
Applicant Entity
The business entity requesting...
Certificate of Competency
A certificate issued by the Small Bus...

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