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.
Defense Acquisition Regulatory Council (DARC)
A group composed of rep...
Partnering
A mutually beneficial business-to-bus...
Days Receivable
A measure of the average time a...
Comparative Analysis
Is designed to point out significant trends that...
Substantial Damage
This means uninsured or otherwise uncompensated...
Partnership
A type of unincorporated business org...
Cash-basis Accounting
records revenue when cash is...
Small Business
A business smaller than...
Credit Elsewhere Test (CET)
The test to determine the...
Intermediary Organization
Organizations that play a funda...
Contract
A mutually binding legal rel..
Projection
An estimate of future economic or...
Applicant Individual
aka who is requesting an SBA loan...
Sole Proprietor
an individual who...
Accrual Basis Accounting
recognizes revenues when earned and expenses are...

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