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
The 7(a) Loan Program, SBA’s most common loan program, includes assistance for each business with unique needs.
SBA 504 loans are very popular for long-term, fixed rate financing of up to $5 million for major fixed assets.
The average Microloan is about $13,000. The Microloans program provides loans up to $50,000 to small businesses.
SBA Glossary

Common SBA Terms

Everything you need to know about common terms used to discuss SBA Loans.
Working Capital (WC)
The amount of current assets that...
Small Disadvantaged Business Concern
A small business concern that...
Hardship Waiver
Method used to approve a...
Defense Contractor
Any person who enters into...
Partnering
A mutually beneficial business-to-bus...
Credit Score Test
Part of the home loan CET show a...
Schedule of Liabilities
A business debt schedule that lists all of the debts...
Substantial Damage
This means uninsured or otherwise uncompensated...
Accrual Basis Accounting
recognizes revenues when earned and expenses are...
Joint Venture
In the SBA Mentor-Protégé Program...
Current Assets
A balance sheet item which equals...
Normal Annual Sales
Those sales that would have...
Principal
the owner(s) of the Applicant Entity that...
Comparative Analysis
Is designed to point out significant trends that...
Break-even Analysis
A calculation of the approximate sales...

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