Glossary
SBA Terms

Depreciation

A non-cash operating expense that reduces the value of a tangible asset as a result of wear and tear, age, or obsolescence. Depreciation is recorded in the financial statements of an entity as a reduction in the carrying value of the asset in the balance sheet and as an expense in the income statement.

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.
Best and Final Offer
For negotiated procurements...
Intermediary Organization
Organizations that play a funda...
S-Corporation
A form of corporation, allowed by...
Affiliate
Business concerns are affiliates if one concern...
Defense Acquisition Regulatory Council (DARC)
A group composed of rep...
Days Payable
A measure of the average time a...
Lien
A legal claim against an...
Partnership
A type of unincorporated business org...
Contracting Officer
A person with the authority to...
Certificate of Competency
A certificate issued by the Small Bus...
Business Activity
The business (or loss) activity of...
Limited Partnership
A business organization with one or...
Standard Industrial Classification (SIC) Code
A code representing a category within...
Collateral
Assets pledged by a borrower to secure a loan...
Capital Leases
are for the purchase of fixed assets such as...

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