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.
Companion File
When an applicant has another application filed...
Principal
the owner(s) of the Applicant Entity that...
Affiliates
Business concerns, organizations, or...
Hardship Waiver
Method used to approve a...
Contractor Team Arrangement
An arrangement in which...
Emerging Small Business
A small business concern whose...
SAE (Stand Alone Economic Injury Disaster Loan)
provide necessary working capital to...
Subsidiary
A company for which a majority of the...
S-Corporation
A form of corporation, allowed by...
Affiliate
Business concerns are affiliates if one concern...
Certified 8(a) Firm
A firm owned and operated by socially and...
Operating Leases
are deducted on the company’s...
Small Business
A business smaller than...
Small Disadvantaged Business Concern
A small business concern that...
Subcontract
A contract between a prime cont...

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