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.
Request for Proposal (RFP)
A document outlining a...
Corporation (C-corp.)
The most common form of business org...
Federal Acquisition Regulation (FAR)
The body of regulations which is...
Contractor Team Arrangement
An arrangement in which...
Phase 2
Process to be used to determine economic injury for...
Defense Contractor
Any person who enters into...
Business Activity
The business (or loss) activity of...
Accrual Basis Accounting
recognizes revenues when earned and expenses are...
Extraordinary Items
Additional expenses that are...
Intermediary Organization
Organizations that play a funda...
Subcontract
A contract between a prime cont...
Amortization
A non-cash operating expense that...
Loan Authorization and Agreement (LA&A)
A contract between SBA and the borrower that...
Sole Proprietor
an individual who...
Available Asset Test
Part of the CET that determines if an applicant(s) has...

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