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.
Explore microloans
SBA Glossary

Common SBA Terms

Everything you need to know about common terms used to discuss SBA Loans.
Cash Available to Service Additional Debt (CASAD)
The cash flow determined that...
Applicant Individual
aka who is requesting an SBA loan...
Guarantor
The legal entity and...
Equity
An accounting term used to...
Defense Contractor
Any person who enters into...
Companion File
When an applicant has another application filed...
Injury Period
The time period during...
Phase 1
Process used to determine the...
Current Assets
A balance sheet item which equals...
Hardship Waiver
Method used to approve a...
Income Statement
Shows the entity’s income and...
Business Activity
The business (or loss) activity of...
Assets
The amount of current assets that is left...
Applicant Entity
The business entity requesting...
Partnership
A type of unincorporated business org...

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