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.
Explore 7a loans

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.
Explore microloans
SBA Glossary

Common SBA Terms

Everything you need to know about common terms used to discuss SBA Loans.
SCORE
Counselors to America's Small Bus...
Current Assets
A balance sheet item which equals...
Applicant/Co-Applicant
Business entity and person requesting...
Credit Score Test
Part of the home loan CET show a...
Subcontract
A contract between a prime cont...
Collateral
Assets pledged by a borrower to secure a loan...
Partnering
A mutually beneficial business-to-bus...
Loan Authorization and Agreement (LA&A)
A contract between SBA and the borrower that...
Subsidiary
A company for which a majority of the...
Current Liabilities
A balance sheet item, which...
Trend Analysis
A comparative analysis of...
Duplicated Interest
The amount of interest exp...
Companion File
When an applicant has another application filed...
Guarantor
The legal entity and...
Amortization
A non-cash operating expense that...

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