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.
Affiliated Group
When two or more...
Subsidiary
A company for which a majority of the...
Limited Liability Entities (company/partnership)
An LLE provides business owners with...
Collateral
Assets pledged by a borrower to secure a loan...
Schedule of Liabilities
A business debt schedule that lists all of the debts...
P&L (Profit and Loss Statement)
also considered as Income Statement or...
Mentor
A business, usually large, or...
Physical Loans
Funds to repair/replace dis...
Days Payable
A measure of the average time a...
Contract
A mutually binding legal rel..
Adjusted Net Worth
Post disaster fair market value of tangible...
Cash Available to Service Additional Debt (CASAD)
The cash flow determined that...
Amortization
A non-cash operating expense that...
Sole Proprietor
an individual who...
Hardship Waiver
Method used to approve a...

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