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.
Principal
the owner(s) of the Applicant Entity that...
Substantial Damage
This means uninsured or otherwise uncompensated...
Contracting Officer
A person with the authority to...
Lien
A legal claim against an...
SAE (Stand Alone Economic Injury Disaster Loan)
provide necessary working capital to...
GPM%
The measure of every sales dollar left...
Adjusted Net Worth
Post disaster fair market value of tangible...
Limited Liability Entities (company/partnership)
An LLE provides business owners with...
Defense Acquisition Regulatory Council (DARC)
A group composed of rep...
Duplicated Interest
The amount of interest exp...
Collateral
Assets pledged by a borrower to secure a loan...
Small Business Development Centers (SBDC)
SBDCs offer a broad spec...
Joint Venture
In the SBA Mentor-Protégé Program...
Economic Injury Disaster Loan (EIDL)
a working capital loan that...
Small Disadvantaged Business Concern
A small business concern that...

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