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.
Small Disadvantaged Business Concern
A small business concern that...
Hardship Waiver
Method used to approve a...
GPM%
The measure of every sales dollar left...
Request for Proposal (RFP)
A document outlining a...
Days Payable
A measure of the average time a...
Defense Acquisition Regulatory Council (DARC)
A group composed of rep...
Physical Loans
Funds to repair/replace dis...
Substantial Damage
This means uninsured or otherwise uncompensated...
Companion File
When an applicant has another application filed...
Federal Acquisition Regulation (FAR)
The body of regulations which is...
Phase 2
Process to be used to determine economic injury for...
Capital Leases
are for the purchase of fixed assets such as...
Partnership
A type of unincorporated business org...
Subcontract
A contract between a prime cont...
Assets
The amount of current assets that is left...

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