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.
P&L (Profit and Loss Statement)
also considered as Income Statement or...
Extraordinary Items
Additional expenses that are...
Contract
A mutually binding legal rel..
Break-even Analysis
A calculation of the approximate sales...
Small Business Innovative Research (SBIR) Contract
A type of contract designed to...
Days Payable
A measure of the average time a...
Loan Authorization and Agreement (LA&A)
A contract between SBA and the borrower that...
Full and Open Competition
With respect to a contract action...
Electronic Data Interchange
Transmission of information bet...
Affiliated Group
When two or more...
Credit Score Test
Part of the home loan CET show a...
Request for Proposal (RFP)
A document outlining a...
Defense Acquisition Regulatory Council (DARC)
A group composed of rep...
Phase 1
Process used to determine the...
Certificate of Competency
A certificate issued by the Small Bus...

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