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.
Affiliate
Business concerns are affiliates if one concern...
Protégé
A firm in a developmental stage that...
Partnership
A type of unincorporated business org...
Credit Elsewhere Test (CET)
The test to determine the...
Corporation (C-corp.)
The most common form of business org...
Cash-basis Accounting
records revenue when cash is...
Cash Available to Service Additional Debt (CASAD)
The cash flow determined that...
Negotiation
Contracting through the use of...
P&L (Profit and Loss Statement)
also considered as Income Statement or...
Affiliates
Business concerns, organizations, or...
Accrual Basis Accounting
recognizes revenues when earned and expenses are...
Mentor
A business, usually large, or...
GPM%
The measure of every sales dollar left...
Current Assets
A balance sheet item which equals...
Primary Activity
The major business activity of...

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