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.
Explore 504 loans

SBA Microloans

The average Microloan is about $13,000. The Microloans program provides loans up to $50,000 to small businesses.
Explore microloans
SBA Glossary

Common SBA Terms

Everything you need to know about common terms used to discuss SBA Loans.
Companion File
When an applicant has another application filed...
Affiliated Group
When two or more...
Electronic Data Interchange
Transmission of information bet...
Amortization
A non-cash operating expense that...
Cash Flow Test
Part of the CET that determines if...
Emerging Small Business
A small business concern whose...
Defense Acquisition Regulatory Council (DARC)
A group composed of rep...
Liabilities
A financial obligation...
Guarantor
The legal entity and...
Sole Proprietor
an individual who...
Substantial Damage
This means uninsured or otherwise uncompensated...
P&L (Profit and Loss Statement)
also considered as Income Statement or...
Phase 1
Process used to determine the...
Credit Score Test
Part of the home loan CET show a...
Defense Contractor
Any person who enters into...

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