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.
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SBA Glossary

Common SBA Terms

Everything you need to know about common terms used to discuss SBA Loans.
Intermediary Organization
Organizations that play a funda...
Subcontract
A contract between a prime cont...
Partnership
A type of unincorporated business org...
Contracting Officer
A person with the authority to...
Phase 1
Process used to determine the...
Phase 2
Process to be used to determine economic injury for...
Certificate of Competency
A certificate issued by the Small Bus...
Operating Leases
are deducted on the company’s...
Duplicated Interest
The amount of interest exp...
Affiliate
Business concerns are affiliates if one concern...
Request for Proposal (RFP)
A document outlining a...
Available Asset Test
Part of the CET that determines if an applicant(s) has...
DBA
ex. Blocker & Sons LLC, doing business as Bob's Burgers
Companion File
When an applicant has another application filed...
Accrual Basis Accounting
recognizes revenues when earned and expenses are...

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