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.
Small Business Development Centers (SBDC)
SBDCs offer a broad spec...
Economic Injury Disaster Loan (EIDL)
a working capital loan that...
NAICS
NAICS codes are common...
Sole Proprietor
an individual who...
SCORE
Counselors to America's Small Bus...
Limited Liability Entities (company/partnership)
An LLE provides business owners with...
Affiliates
Business concerns, organizations, or...
Affiliate
Business concerns are affiliates if one concern...
Schedule of Liabilities
A business debt schedule that lists all of the debts...
Assets
The amount of current assets that is left...
Cash Available to Service Additional Debt (CASAD)
The cash flow determined that...
Full and Open Competition
With respect to a contract action...
Adjusted Net Worth
Post disaster fair market value of tangible...
Depreciation
A non-cash operating expense that...
Best and Final Offer
For negotiated procurements...

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