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.
Cash Flow Test
Part of the CET that determines if...
Collateral
Assets pledged by a borrower to secure a loan...
Credit Elsewhere Test (CET)
The test to determine the...
Affiliate
Business concerns are affiliates if one concern...
Defense Contractor
Any person who enters into...
Days Receivable
A measure of the average time a...
Small Disadvantaged Business Concern
A small business concern that...
Trend Analysis
A comparative analysis of...
Subsidiary
A company for which a majority of the...
Available Asset Test
Part of the CET that determines if an applicant(s) has...
Principal
the owner(s) of the Applicant Entity that...
Applicant/Co-Applicant
Business entity and person requesting...
Guarantor
The legal entity and...
Normal Gross Margin
The margin that would have been...
Limited Liability Entities (company/partnership)
An LLE provides business owners with...

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