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.
Amortization
A non-cash operating expense that...
Balance Sheet or Statement of Financial Position
Assets = Liabilities + Equity...
Accrual Basis Accounting
recognizes revenues when earned and expenses are...
Acquisition
The acquiring of supplies or...
Small Business Development Centers (SBDC)
SBDCs offer a broad spec...
Affiliated Group
When two or more...
B/E (Business EIDL) Loan
A business loan that...
Liabilities
A financial obligation...
Credit Elsewhere Test (CET)
The test to determine the...
Operating Leases
are deducted on the company’s...
Affiliates
Business concerns, organizations, or...
Negotiation
Contracting through the use of...
Equity
An accounting term used to...
Lien
A legal claim against an...
Joint Venture
In the SBA Mentor-Protégé Program...

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