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.
Corporation (C-corp.)
The most common form of business org...
Contracting Officer
A person with the authority to...
Federal Acquisition Regulation (FAR)
The body of regulations which is...
Full and Open Competition
With respect to a contract action...
Defense Contractor
Any person who enters into...
Contractor Team Arrangement
An arrangement in which...
Applicant/Co-Applicant
Business entity and person requesting...
Affiliate
Business concerns are affiliates if one concern...
Income Statement
Shows the entity’s income and...
Fair and Reasonable Price
A price that is fair to both parties...
Duplicated Interest
The amount of interest exp...
Lien
A legal claim against an...
Cash Available to Service Additional Debt (CASAD)
The cash flow determined that...
Applicant Entity
The business entity requesting...
Business Activity
The business (or loss) activity of...

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