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.
Acquisition
The acquiring of supplies or...
Affiliate
Business concerns are affiliates if one concern...
Amortization
A non-cash operating expense that...
Extraordinary Items
Additional expenses that are...
Injury Analysis
Measures the effects of...
Depreciation
A non-cash operating expense that...
Credit Elsewhere Test (CET)
The test to determine the...
Request for Proposal (RFP)
A document outlining a...
Electronic Data Interchange
Transmission of information bet...
Limited Partnership
A business organization with one or...
Adjusted Net Worth
Post disaster fair market value of tangible...
Subcontract
A contract between a prime cont...
Contractor Team Arrangement
An arrangement in which...
Phase 1
Process used to determine the...
Injury Period
The time period during...

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