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.
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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.
Limited Partnership
A business organization with one or...
Applicant/Co-Applicant
Business entity and person requesting...
Subsidiary
A company for which a majority of the...
Lien
A legal claim against an...
Limited Liability Entities (company/partnership)
An LLE provides business owners with...
Contracting Officer
A person with the authority to...
Certified 8(a) Firm
A firm owned and operated by socially and...
Electronic Data Interchange
Transmission of information bet...
Normal Annual Sales
Those sales that would have...
Mentor
A business, usually large, or...
Coastal Barrier Resource Area (COBRA)
A flood prone area in which...
Contractor Team Arrangement
An arrangement in which...
Guarantor
The legal entity and...
Contracting
Purchasing, renting, leasing, or...
Protégé
A firm in a developmental stage that...

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