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.
Primary Activity
The major business activity of...
Protégé
A firm in a developmental stage that...
Fair and Reasonable Price
A price that is fair to both parties...
Amortization
A non-cash operating expense that...
Cash-basis Accounting
records revenue when cash is...
Best and Final Offer
For negotiated procurements...
Small Business
A business smaller than...
Federal Acquisition Regulation (FAR)
The body of regulations which is...
Depreciation
A non-cash operating expense that...
Liabilities
A financial obligation...
Available Asset Test
Part of the CET that determines if an applicant(s) has...
Break-even Analysis
A calculation of the approximate sales...
Request for Proposal (RFP)
A document outlining a...
Extraordinary Items
Additional expenses that are...
Guarantor
The legal entity and...

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