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.
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SBA Glossary

Common SBA Terms

Everything you need to know about common terms used to discuss SBA Loans.
Adjusted Net Worth
Post disaster fair market value of tangible...
GPM%
The measure of every sales dollar left...
Certified 8(a) Firm
A firm owned and operated by socially and...
Principal
the owner(s) of the Applicant Entity that...
Operating Leases
are deducted on the company’s...
Loan Authorization and Agreement (LA&A)
A contract between SBA and the borrower that...
Subsidiary
A company for which a majority of the...
Accrual Basis Accounting
recognizes revenues when earned and expenses are...
Business Activity
The business (or loss) activity of...
Request for Proposal (RFP)
A document outlining a...
Subcontract
A contract between a prime cont...
Contractor Team Arrangement
An arrangement in which...
Credit Elsewhere Test (CET)
The test to determine the...
Prime Contract
A contract awarded directly...
Days Receivable
A measure of the average time a...

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