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.
Cash-basis Accounting
records revenue when cash is...
Cash Flow Test
Part of the CET that determines if...
Best and Final Offer
For negotiated procurements...
Substantial Damage
This means uninsured or otherwise uncompensated...
Certified 8(a) Firm
A firm owned and operated by socially and...
Fair and Reasonable Price
A price that is fair to both parties...
Certificate of Competency
A certificate issued by the Small Bus...
Break-even Analysis
A calculation of the approximate sales...
Income Statement
Shows the entity’s income and...
Days Receivable
A measure of the average time a...
Lien
A legal claim against an...
Extraordinary Items
Additional expenses that are...
Defense Acquisition Regulatory Council (DARC)
A group composed of rep...
Equity
An accounting term used to...
Partnership
A type of unincorporated business org...

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