Glossary
SBA Terms

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
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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.
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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.
Cash-basis Accounting
records revenue when cash is...
Capital Leases
are for the purchase of fixed assets such as...
Cash Available to Service Additional Debt (CASAD)
The cash flow determined that...
Economic Injury Disaster Loan (EIDL)
a working capital loan that...
Available Asset Test
Part of the CET that determines if an applicant(s) has...
Protégé
A firm in a developmental stage that...
Defense Acquisition Regulatory Council (DARC)
A group composed of rep...
Injury Analysis
Measures the effects of...
Hardship Waiver
Method used to approve a...
Mentor
A business, usually large, or...
Substantial Damage
This means uninsured or otherwise uncompensated...
Full and Open Competition
With respect to a contract action...
Partnership
A type of unincorporated business org...
Phase 1
Process used to determine the...
Phase 2
Process to be used to determine economic injury for...

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