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.

Primary Activity

The major business activity of...

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Injury Period

The time period during...

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Injury Analysis

Measures the effects of...

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Liabilities

A financial obligation...

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Lien

A legal claim against an...

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Limited Partnership

A business organization with one or...

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Certificate of Competency

A certificate issued by the Small Bus...

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P&L (Profit and Loss Statement)

also considered as Income Statement or...

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Income Statement

Shows the entity’s income and...

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Current Assets

A balance sheet item which equals...

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Companion File

When an applicant has another application filed...

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Principal

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

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Prime Contract

A contract awarded directly...

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Depreciation

A non-cash operating expense that...

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SAE (Stand Alone Economic Injury Disaster Loan)

provide necessary working capital to...

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