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
The 7(a) Loan Program, SBA’s most common loan program, includes assistance for each business with unique needs.
SBA 504 loans are very popular for long-term, fixed rate financing of up to $5 million for major fixed assets.
The average Microloan is about $13,000. The Microloans program provides loans up to $50,000 to small businesses.
SBA Glossary

Common SBA Terms

Everything you need to know about common terms used to discuss SBA Loans.
Joint Venture
In the SBA Mentor-Protégé Program...
NAICS
NAICS codes are common...
Electronic Data Interchange
Transmission of information bet...
Prime Contract
A contract awarded directly...
Fair and Reasonable Price
A price that is fair to both parties...
Loan Authorization and Agreement (LA&A)
A contract between SBA and the borrower that...
Acquisition
The acquiring of supplies or...
Depreciation
A non-cash operating expense that...
Applicant Entity
The business entity requesting...
Emerging Small Business
A small business concern whose...
Capital Leases
are for the purchase of fixed assets such as...
Liabilities
A financial obligation...
Standard Industrial Classification (SIC) Code
A code representing a category within...
Mentor
A business, usually large, or...
Certified 8(a) Firm
A firm owned and operated by socially and...

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