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.
NAICS
NAICS codes are common...
Assets
The amount of current assets that is left...
Current Liabilities
A balance sheet item, which...
Contracting Officer
A person with the authority to...
Cash-basis Accounting
records revenue when cash is...
GPM%
The measure of every sales dollar left...
Small Business
A business smaller than...
Subcontract
A contract between a prime cont...
Principal
the owner(s) of the Applicant Entity that...
Prime Contract
A contract awarded directly...
Income Statement
Shows the entity’s income and...
Phase 2
Process to be used to determine economic injury for...
Days Receivable
A measure of the average time a...
Fair and Reasonable Price
A price that is fair to both parties...
Affiliates
Business concerns, organizations, or...

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