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.
Principal
the owner(s) of the Applicant Entity that...
Applicant/Co-Applicant
Business entity and person requesting...
Cash-basis Accounting
records revenue when cash is...
Phase 1
Process used to determine the...
Physical Loans
Funds to repair/replace dis...
Working Capital (WC)
The amount of current assets that...
Balance Sheet or Statement of Financial Position
Assets = Liabilities + Equity...
S-Corporation
A form of corporation, allowed by...
Federal Acquisition Regulation (FAR)
The body of regulations which is...
Coastal Barrier Resource Area (COBRA)
A flood prone area in which...
Contracting
Purchasing, renting, leasing, or...
Small Disadvantaged Business Concern
A small business concern that...
Best and Final Offer
For negotiated procurements...
Contracting Officer
A person with the authority to...
SCORE
Counselors to America's Small Bus...

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