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.
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SBA Glossary

Common SBA Terms

Everything you need to know about common terms used to discuss SBA Loans.
Extraordinary Items
Additional expenses that are...
Accrual Basis Accounting
recognizes revenues when earned and expenses are...
Injury Period
The time period during...
Contracting
Purchasing, renting, leasing, or...
P&L (Profit and Loss Statement)
also considered as Income Statement or...
Limited Partnership
A business organization with one or...
Defense Contractor
Any person who enters into...
Income Statement
Shows the entity’s income and...
Days Payable
A measure of the average time a...
Credit Elsewhere Test (CET)
The test to determine the...
GPM%
The measure of every sales dollar left...
Standard Industrial Classification (SIC) Code
A code representing a category within...
Contract
A mutually binding legal rel..
NAICS
NAICS codes are common...
Equity
An accounting term used to...

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