Glossary
SBA Terms

Joint Venture

In the SBA Mentor-Protégé Program, an agreement between a certified 8(a) firm and a mentor firm to perform a specific federal contract.

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.
Protégé
A firm in a developmental stage that...
SCORE
Counselors to America's Small Bus...
Principal
the owner(s) of the Applicant Entity that...
Affiliated Group
When two or more...
Emerging Small Business
A small business concern whose...
B/E (Business EIDL) Loan
A business loan that...
Contracting
Purchasing, renting, leasing, or...
Current Liabilities
A balance sheet item, which...
Contractor Team Arrangement
An arrangement in which...
Guarantor
The legal entity and...
Best and Final Offer
For negotiated procurements...
Extraordinary Items
Additional expenses that are...
Amortization
A non-cash operating expense that...
Schedule of Liabilities
A business debt schedule that lists all of the debts...
Certified 8(a) Firm
A firm owned and operated by socially and...

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