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.
Explore 7a loans

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.
Guarantor
The legal entity and...
Companion File
When an applicant has another application filed...
Accrual Basis Accounting
recognizes revenues when earned and expenses are...
Certificate of Competency
A certificate issued by the Small Bus...
Prime Contract
A contract awarded directly...
Trend Analysis
A comparative analysis of...
Subsidiary
A company for which a majority of the...
Cash Flow Test
Part of the CET that determines if...
Affiliates
Business concerns, organizations, or...
Fair and Reasonable Price
A price that is fair to both parties...
Request for Proposal (RFP)
A document outlining a...
Current Liabilities
A balance sheet item, which...
Applicant Individual
aka who is requesting an SBA loan...
Substantial Damage
This means uninsured or otherwise uncompensated...
Mentor
A business, usually large, or...

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