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.
Explore 504 loans

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.
Duplicated Interest
The amount of interest exp...
Days Receivable
A measure of the average time a...
Full and Open Competition
With respect to a contract action...
Affiliate
Business concerns are affiliates if one concern...
Principal
the owner(s) of the Applicant Entity that...
Sole Proprietor
an individual who...
Partnering
A mutually beneficial business-to-bus...
Substantial Damage
This means uninsured or otherwise uncompensated...
Economic Injury Disaster Loan (EIDL)
a working capital loan that...
Corporation (C-corp.)
The most common form of business org...
SCORE
Counselors to America's Small Bus...
Physical Loans
Funds to repair/replace dis...
Projection
An estimate of future economic or...
Request for Proposal (RFP)
A document outlining a...
NAICS
NAICS codes are common...

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