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.
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.
Contractor Team Arrangement
An arrangement in which...
Income Statement
Shows the entity’s income and...
Days Receivable
A measure of the average time a...
Substantial Damage
This means uninsured or otherwise uncompensated...
Companion File
When an applicant has another application filed...
Equity
An accounting term used to...
Small Disadvantaged Business Concern
A small business concern that...
Normal Gross Margin
The margin that would have been...
Standard Industrial Classification (SIC) Code
A code representing a category within...
Affiliated Group
When two or more...
Liabilities
A financial obligation...
Negotiation
Contracting through the use of...
Current Liabilities
A balance sheet item, which...
Partnership
A type of unincorporated business org...
Guarantor
The legal entity and...

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