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.
Joint Venture
In the SBA Mentor-Protégé Program...
Loan Authorization and Agreement (LA&A)
A contract between SBA and the borrower that...
Small Disadvantaged Business Concern
A small business concern that...
Certificate of Competency
A certificate issued by the Small Bus...
Affiliated Group
When two or more...
Balance Sheet or Statement of Financial Position
Assets = Liabilities + Equity...
Partnering
A mutually beneficial business-to-bus...
Subsidiary
A company for which a majority of the...
Schedule of Liabilities
A business debt schedule that lists all of the debts...
Normal Gross Margin
The margin that would have been...
Partnership
A type of unincorporated business org...
Limited Liability Entities (company/partnership)
An LLE provides business owners with...
Income Statement
Shows the entity’s income and...
Acquisition
The acquiring of supplies or...
Principal
the owner(s) of the Applicant Entity that...

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