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.
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SBA Glossary

Common SBA Terms

Everything you need to know about common terms used to discuss SBA Loans.
Sole Proprietor
an individual who...
Economic Injury Disaster Loan (EIDL)
a working capital loan that...
Contracting
Purchasing, renting, leasing, or...
Extraordinary Items
Additional expenses that are...
Break-even Analysis
A calculation of the approximate sales...
Small Business Development Centers (SBDC)
SBDCs offer a broad spec...
S-Corporation
A form of corporation, allowed by...
Request for Proposal (RFP)
A document outlining a...
Physical Loans
Funds to repair/replace dis...
Days Receivable
A measure of the average time a...
Depreciation
A non-cash operating expense that...
Applicant Entity
The business entity requesting...
Normal Annual Sales
Those sales that would have...
Contract
A mutually binding legal rel..
Business Activity
The business (or loss) activity of...

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