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.
Protégé
A firm in a developmental stage that...
Credit Elsewhere Test (CET)
The test to determine the...
Certificate of Competency
A certificate issued by the Small Bus...
Applicant Entity
The business entity requesting...
Defense Contractor
Any person who enters into...
Subcontract
A contract between a prime cont...
NAICS
NAICS codes are common...
Companion File
When an applicant has another application filed...
Sole Proprietor
an individual who...
Days Payable
A measure of the average time a...
Small Business
A business smaller than...
Contract
A mutually binding legal rel..
Schedule of Liabilities
A business debt schedule that lists all of the debts...
Comparative Analysis
Is designed to point out significant trends that...
Request for Proposal (RFP)
A document outlining a...

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