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.
Mentor
A business, usually large, or...
Loan Authorization and Agreement (LA&A)
A contract between SBA and the borrower that...
Subcontract
A contract between a prime cont...
Business Activity
The business (or loss) activity of...
Small Disadvantaged Business Concern
A small business concern that...
Contractor Team Arrangement
An arrangement in which...
P&L (Profit and Loss Statement)
also considered as Income Statement or...
Principal
the owner(s) of the Applicant Entity that...
Current Liabilities
A balance sheet item, which...
SCORE
Counselors to America's Small Bus...
Applicant/Co-Applicant
Business entity and person requesting...
Duplicated Interest
The amount of interest exp...
Days Payable
A measure of the average time a...
Intermediary Organization
Organizations that play a funda...
Injury Analysis
Measures the effects of...

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