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.
Small Business Innovative Research (SBIR) Contract
A type of contract designed to...
Negotiation
Contracting through the use of...
Current Liabilities
A balance sheet item, which...
Partnership
A type of unincorporated business org...
Working Capital (WC)
The amount of current assets that...
Phase 2
Process to be used to determine economic injury for...
Capital Leases
are for the purchase of fixed assets such as...
NAICS
NAICS codes are common...
Contractor Team Arrangement
An arrangement in which...
Primary Activity
The major business activity of...
Available Asset Test
Part of the CET that determines if an applicant(s) has...
Small Business Development Centers (SBDC)
SBDCs offer a broad spec...
Contracting Officer
A person with the authority to...
Affiliates
Business concerns, organizations, or...
Acquisition
The acquiring of supplies or...

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