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.
Lien
A legal claim against an...
Applicant Individual
aka who is requesting an SBA loan...
Certificate of Competency
A certificate issued by the Small Bus...
Affiliates
Business concerns, organizations, or...
Acquisition
The acquiring of supplies or...
Small Business Development Centers (SBDC)
SBDCs offer a broad spec...
Depreciation
A non-cash operating expense that...
Contracting Officer
A person with the authority to...
Guarantor
The legal entity and...
Small Business Innovative Research (SBIR) Contract
A type of contract designed to...
Cash Available to Service Additional Debt (CASAD)
The cash flow determined that...
Contract
A mutually binding legal rel..
Income Statement
Shows the entity’s income and...
Economic Injury Disaster Loan (EIDL)
a working capital loan that...
Full and Open Competition
With respect to a contract action...

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