Glossary
SBA Terms

Small Business

A business smaller than a given size as measured by its employment, business receipts, or business assets.

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.
Explore 7a loans

SBA 504 Loans

SBA 504 loans are very popular for long-term, fixed rate financing of up to $5 million for major fixed assets.
Explore 504 loans

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.
Partnering
A mutually beneficial business-to-bus...
SCORE
Counselors to America's Small Bus...
Standard Industrial Classification (SIC) Code
A code representing a category within...
Small Business Development Centers (SBDC)
SBDCs offer a broad spec...
Injury Period
The time period during...
Contract
A mutually binding legal rel..
Emerging Small Business
A small business concern whose...
Companion File
When an applicant has another application filed...
Federal Acquisition Regulation (FAR)
The body of regulations which is...
Primary Activity
The major business activity of...
Protégé
A firm in a developmental stage that...
Physical Loans
Funds to repair/replace dis...
Schedule of Liabilities
A business debt schedule that lists all of the debts...
Request for Proposal (RFP)
A document outlining a...
Best and Final Offer
For negotiated procurements...

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