Source: SBA.gov

Small Business Innovative Research (SBIR) Contract

A type of contract designed to foster technological innovation by small businesses with 500 or fewer employees. The SBIR contract program provides for a three-phased approach to research and development projects: technological feasibility and concept development; the primary research effort; and the conversion of the technology to a commercial application.

Updated on

September 9, 2022

Published on

June 20, 2018

SBA 7a Loans

The 7(a) Loan Program, SBA’s most common loan program, includes assistance for each business with unique needs.

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SBA 504 Loans

SBA 504 loans are very popular for long-term, fixed rate financing of up to $5 million for major fixed assets.

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SBA Microloans

The average Microloan is about $13,000. The Microloans program provides loans up to $50,000 to small businesses.

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SBA Glossary

Common SBA Terms

Everything you need to know about common terms used to discuss SBA Loans.

Physical Loans

Funds to repair/replace dis...

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Principal

the owner(s) of the Applicant Entity that...

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Accrual Basis Accounting

recognizes revenues when earned and expenses are...

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Applicant Individual

aka who is requesting an SBA loan...

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Contract

A mutually binding legal rel..

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Lien

A legal claim against an...

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Hardship Waiver

Method used to approve a...

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Mentor

A business, usually large, or...

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Substantial Damage

This means uninsured or otherwise uncompensated...

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P&L (Profit and Loss Statement)

also considered as Income Statement or...

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Affiliate

Business concerns are affiliates if one concern...

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B/E (Business EIDL) Loan

A business loan that...

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Liabilities

A financial obligation...

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Defense Contractor

Any person who enters into...

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SAE (Stand Alone Economic Injury Disaster Loan)

provide necessary working capital to...

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