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.
Working Capital (WC)
The amount of current assets that...
Adjusted Net Worth
Post disaster fair market value of tangible...
Limited Partnership
A business organization with one or...
Small Business Development Centers (SBDC)
SBDCs offer a broad spec...
Primary Activity
The major business activity of...
Cash Flow Test
Part of the CET that determines if...
Available Asset Test
Part of the CET that determines if an applicant(s) has...
Principal
the owner(s) of the Applicant Entity that...
SCORE
Counselors to America's Small Bus...
Days Receivable
A measure of the average time a...
Best and Final Offer
For negotiated procurements...
S-Corporation
A form of corporation, allowed by...
Capital Leases
are for the purchase of fixed assets such as...
Loan Authorization and Agreement (LA&A)
A contract between SBA and the borrower that...
Normal Gross Margin
The margin that would have been...

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