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.
Principal
the owner(s) of the Applicant Entity that...
Comparative Analysis
Is designed to point out significant trends that...
SCORE
Counselors to America's Small Bus...
Applicant Entity
The business entity requesting...
B/E (Business EIDL) Loan
A business loan that...
Business Activity
The business (or loss) activity of...
Credit Elsewhere Test (CET)
The test to determine the...
Accrual Basis Accounting
recognizes revenues when earned and expenses are...
Certificate of Competency
A certificate issued by the Small Bus...
Operating Leases
are deducted on the company’s...
Negotiation
Contracting through the use of...
Contracting Officer
A person with the authority to...
Request for Proposal (RFP)
A document outlining a...
Injury Analysis
Measures the effects of...
Fair and Reasonable Price
A price that is fair to both parties...

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