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.
Projection
An estimate of future economic or...
Subcontract
A contract between a prime cont...
SAE (Stand Alone Economic Injury Disaster Loan)
provide necessary working capital to...
S-Corporation
A form of corporation, allowed by...
Guarantor
The legal entity and...
Best and Final Offer
For negotiated procurements...
Applicant Entity
The business entity requesting...
DBA
ex. Blocker & Sons LLC, doing business as Bob's Burgers
Injury Period
The time period during...
NAICS
NAICS codes are common...
Income Statement
Shows the entity’s income and...
Accrual Basis Accounting
recognizes revenues when earned and expenses are...
Schedule of Liabilities
A business debt schedule that lists all of the debts...
Cash Flow Test
Part of the CET that determines if...
Corporation (C-corp.)
The most common form of business org...

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