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.
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SBA Glossary

Common SBA Terms

Everything you need to know about common terms used to discuss SBA Loans.
Limited Liability Entities (company/partnership)
An LLE provides business owners with...
Loan Authorization and Agreement (LA&A)
A contract between SBA and the borrower that...
Electronic Data Interchange
Transmission of information bet...
Affiliate
Business concerns are affiliates if one concern...
Mentor
A business, usually large, or...
DBA
ex. Blocker & Sons LLC, doing business as Bob's Burgers
Small Business Innovative Research (SBIR) Contract
A type of contract designed to...
Principal
the owner(s) of the Applicant Entity that...
Break-even Analysis
A calculation of the approximate sales...
Request for Proposal (RFP)
A document outlining a...
Injury Period
The time period during...
Certificate of Competency
A certificate issued by the Small Bus...
Working Capital (WC)
The amount of current assets that...
Best and Final Offer
For negotiated procurements...
Income Statement
Shows the entity’s income and...

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