Glossary
SBA Terms

Projection

An estimate of future economic or financial performance. Generally presented in the form of a Profit and Loss StatementP&L.

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.
Explore 7a loans

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.
Certified 8(a) Firm
A firm owned and operated by socially and...
Small Business Innovative Research (SBIR) Contract
A type of contract designed to...
Accrual Basis Accounting
recognizes revenues when earned and expenses are...
Defense Acquisition Regulatory Council (DARC)
A group composed of rep...
Emerging Small Business
A small business concern whose...
Certificate of Competency
A certificate issued by the Small Bus...
Amortization
A non-cash operating expense that...
GPM%
The measure of every sales dollar left...
Primary Activity
The major business activity of...
Request for Proposal (RFP)
A document outlining a...
Protégé
A firm in a developmental stage that...
Limited Liability Entities (company/partnership)
An LLE provides business owners with...
Applicant Entity
The business entity requesting...
Subcontract
A contract between a prime cont...
Phase 1
Process used to determine the...

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