Glossary
SBA Terms

Small Business Development Centers (SBDC)

SBDCs offer a broad spectrum of business information and guidance as well as assistance in preparing loan applications.

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.
Small Business Development Centers (SBDC)
SBDCs offer a broad spec...
Defense Acquisition Regulatory Council (DARC)
A group composed of rep...
Applicant Entity
The business entity requesting...
P&L (Profit and Loss Statement)
also considered as Income Statement or...
Liabilities
A financial obligation...
Certificate of Competency
A certificate issued by the Small Bus...
Small Disadvantaged Business Concern
A small business concern that...
Credit Score Test
Part of the home loan CET show a...
Substantial Damage
This means uninsured or otherwise uncompensated...
Contracting
Purchasing, renting, leasing, or...
Negotiation
Contracting through the use of...
NAICS
NAICS codes are common...
Cash Flow Test
Part of the CET that determines if...
Federal Acquisition Regulation (FAR)
The body of regulations which is...
Electronic Data Interchange
Transmission of information bet...

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