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.
Explore microloans
SBA Glossary

Common SBA Terms

Everything you need to know about common terms used to discuss SBA Loans.
S-Corporation
A form of corporation, allowed by...
Defense Contractor
Any person who enters into...
Credit Elsewhere Test (CET)
The test to determine the...
Income Statement
Shows the entity’s income and...
SCORE
Counselors to America's Small Bus...
Working Capital (WC)
The amount of current assets that...
Liabilities
A financial obligation...
Prime Contract
A contract awarded directly...
Best and Final Offer
For negotiated procurements...
Trend Analysis
A comparative analysis of...
Days Receivable
A measure of the average time a...
Hardship Waiver
Method used to approve a...
Federal Acquisition Regulation (FAR)
The body of regulations which is...
Extraordinary Items
Additional expenses that are...
Defense Acquisition Regulatory Council (DARC)
A group composed of rep...

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