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.
Partnering
A mutually beneficial business-to-bus...
Applicant Individual
aka who is requesting an SBA loan...
Companion File
When an applicant has another application filed...
Business Activity
The business (or loss) activity of...
GPM%
The measure of every sales dollar left...
Fair and Reasonable Price
A price that is fair to both parties...
Credit Score Test
Part of the home loan CET show a...
Affiliate
Business concerns are affiliates if one concern...
Contract
A mutually binding legal rel..
S-Corporation
A form of corporation, allowed by...
NAICS
NAICS codes are common...
Negotiation
Contracting through the use of...
Acquisition
The acquiring of supplies or...
Small Business Development Centers (SBDC)
SBDCs offer a broad spec...
Subcontract
A contract between a prime cont...

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