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.
Mentor
A business, usually large, or...
Best and Final Offer
For negotiated procurements...
Break-even Analysis
A calculation of the approximate sales...
Contracting Officer
A person with the authority to...
Days Receivable
A measure of the average time a...
Liabilities
A financial obligation...
Corporation (C-corp.)
The most common form of business org...
Equity
An accounting term used to...
Companion File
When an applicant has another application filed...
Emerging Small Business
A small business concern whose...
Credit Score Test
Part of the home loan CET show a...
Balance Sheet or Statement of Financial Position
Assets = Liabilities + Equity...
S-Corporation
A form of corporation, allowed by...
Cash Flow Test
Part of the CET that determines if...
Fair and Reasonable Price
A price that is fair to both parties...

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