Acquisition

The acquiring of supplies or services by the federal government with appropriated funds through purchase or lease.

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.
DBA
ex. Blocker & Sons LLC, doing business as Bob's Burgers
Emerging Small Business
A small business concern whose...
Amortization
A non-cash operating expense that...
Request for Proposal (RFP)
A document outlining a...
Cash-basis Accounting
records revenue when cash is...
Certificate of Competency
A certificate issued by the Small Bus...
SAE (Stand Alone Economic Injury Disaster Loan)
provide necessary working capital to...
Protégé
A firm in a developmental stage that...
Standard Industrial Classification (SIC) Code
A code representing a category within...
Days Receivable
A measure of the average time a...
Principal
the owner(s) of the Applicant Entity that...
S-Corporation
A form of corporation, allowed by...
Joint Venture
In the SBA Mentor-Protégé Program...
Comparative Analysis
Is designed to point out significant trends that...
Hardship Waiver
Method used to approve a...

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