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.
Liabilities
A financial obligation...
Federal Acquisition Regulation (FAR)
The body of regulations which is...
Injury Analysis
Measures the effects of...
Loan Authorization and Agreement (LA&A)
A contract between SBA and the borrower that...
Request for Proposal (RFP)
A document outlining a...
Substantial Damage
This means uninsured or otherwise uncompensated...
Limited Partnership
A business organization with one or...
Defense Contractor
Any person who enters into...
Limited Liability Entities (company/partnership)
An LLE provides business owners with...
Certified 8(a) Firm
A firm owned and operated by socially and...
Affiliated Group
When two or more...
Defense Acquisition Regulatory Council (DARC)
A group composed of rep...
S-Corporation
A form of corporation, allowed by...
Projection
An estimate of future economic or...
Equity
An accounting term used to...

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