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.
Duplicated Interest
The amount of interest exp...
Amortization
A non-cash operating expense that...
Credit Elsewhere Test (CET)
The test to determine the...
Operating Leases
are deducted on the company’s...
Small Business
A business smaller than...
Assets
The amount of current assets that is left...
Certificate of Competency
A certificate issued by the Small Bus...
Limited Liability Entities (company/partnership)
An LLE provides business owners with...
Current Liabilities
A balance sheet item, which...
DBA
ex. Blocker & Sons LLC, doing business as Bob's Burgers
Standard Industrial Classification (SIC) Code
A code representing a category within...
Acquisition
The acquiring of supplies or...
Adjusted Net Worth
Post disaster fair market value of tangible...
Corporation (C-corp.)
The most common form of business org...
Full and Open Competition
With respect to a contract action...

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