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.
Limited Partnership
A business organization with one or...
Contractor Team Arrangement
An arrangement in which...
Companion File
When an applicant has another application filed...
Defense Acquisition Regulatory Council (DARC)
A group composed of rep...
DBA
ex. Blocker & Sons LLC, doing business as Bob's Burgers
Principal
the owner(s) of the Applicant Entity that...
Amortization
A non-cash operating expense that...
SAE (Stand Alone Economic Injury Disaster Loan)
provide necessary working capital to...
Credit Elsewhere Test (CET)
The test to determine the...
Sole Proprietor
an individual who...
Subsidiary
A company for which a majority of the...
Small Disadvantaged Business Concern
A small business concern that...
Request for Proposal (RFP)
A document outlining a...
Federal Acquisition Regulation (FAR)
The body of regulations which is...
Partnership
A type of unincorporated business org...

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