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.
Small Business Innovative Research (SBIR) Contract
A type of contract designed to...
Applicant Entity
The business entity requesting...
Prime Contract
A contract awarded directly...
Electronic Data Interchange
Transmission of information bet...
B/E (Business EIDL) Loan
A business loan that...
Mentor
A business, usually large, or...
DBA
ex. Blocker & Sons LLC, doing business as Bob's Burgers
Applicant Individual
aka who is requesting an SBA loan...
Partnering
A mutually beneficial business-to-bus...
Certified 8(a) Firm
A firm owned and operated by socially and...
Collateral
Assets pledged by a borrower to secure a loan...
Certificate of Competency
A certificate issued by the Small Bus...
Primary Activity
The major business activity of...
GPM%
The measure of every sales dollar left...
Equity
An accounting term used to...

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