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.
Days Receivable
A measure of the average time a...
Federal Acquisition Regulation (FAR)
The body of regulations which is...
Collateral
Assets pledged by a borrower to secure a loan...
Current Liabilities
A balance sheet item, which...
Guarantor
The legal entity and...
Certificate of Competency
A certificate issued by the Small Bus...
Liabilities
A financial obligation...
Joint Venture
In the SBA Mentor-Protégé Program...
SAE (Stand Alone Economic Injury Disaster Loan)
provide necessary working capital to...
NAICS
NAICS codes are common...
Cash Flow Test
Part of the CET that determines if...
Intermediary Organization
Organizations that play a funda...
P&L (Profit and Loss Statement)
also considered as Income Statement or...
Business Activity
The business (or loss) activity of...
Applicant Entity
The business entity requesting...

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