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...
Depreciation
A non-cash operating expense that...
Contractor Team Arrangement
An arrangement in which...
Electronic Data Interchange
Transmission of information bet...
Normal Annual Sales
Those sales that would have...
Coastal Barrier Resource Area (COBRA)
A flood prone area in which...
B/E (Business EIDL) Loan
A business loan that...
Cash Flow Test
Part of the CET that determines if...
Credit Elsewhere Test (CET)
The test to determine the...
Working Capital (WC)
The amount of current assets that...
Current Assets
A balance sheet item which equals...
Current Liabilities
A balance sheet item, which...
Guarantor
The legal entity and...
Emerging Small Business
A small business concern whose...
Principal
the owner(s) of the Applicant Entity that...

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