Glossary
SBA Terms

S-Corporation

A form of corporation, allowed by the IRS for most companies with 35 or fewer shareholders, which enables the company to enjoy the benefits of incorporation but be taxed as if it were a partnership.

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.
Adjusted Net Worth
Post disaster fair market value of tangible...
SCORE
Counselors to America's Small Bus...
GPM%
The measure of every sales dollar left...
Projection
An estimate of future economic or...
Defense Acquisition Regulatory Council (DARC)
A group composed of rep...
Subcontract
A contract between a prime cont...
Equity
An accounting term used to...
Primary Activity
The major business activity of...
Defense Contractor
Any person who enters into...
Phase 1
Process used to determine the...
Balance Sheet or Statement of Financial Position
Assets = Liabilities + Equity...
Available Asset Test
Part of the CET that determines if an applicant(s) has...
Affiliate
Business concerns are affiliates if one concern...
Full and Open Competition
With respect to a contract action...
Amortization
A non-cash operating expense that...

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