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.
Mentor
A business, usually large, or...
Affiliates
Business concerns, organizations, or...
Certificate of Competency
A certificate issued by the Small Bus...
Capital Leases
are for the purchase of fixed assets such as...
Request for Proposal (RFP)
A document outlining a...
Days Payable
A measure of the average time a...
Contractor Team Arrangement
An arrangement in which...
Sole Proprietor
an individual who...
Hardship Waiver
Method used to approve a...
Operating Leases
are deducted on the company’s...
Emerging Small Business
A small business concern whose...
Full and Open Competition
With respect to a contract action...
Comparative Analysis
Is designed to point out significant trends that...
Cash-basis Accounting
records revenue when cash is...
Injury Analysis
Measures the effects of...

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