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.
Explore 7a loans

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.
Loan Authorization and Agreement (LA&A)
A contract between SBA and the borrower that...
B/E (Business EIDL) Loan
A business loan that...
Limited Liability Entities (company/partnership)
An LLE provides business owners with...
SCORE
Counselors to America's Small Bus...
Best and Final Offer
For negotiated procurements...
Federal Acquisition Regulation (FAR)
The body of regulations which is...
S-Corporation
A form of corporation, allowed by...
Extraordinary Items
Additional expenses that are...
Business Activity
The business (or loss) activity of...
Guarantor
The legal entity and...
Assets
The amount of current assets that is left...
Days Receivable
A measure of the average time a...
Hardship Waiver
Method used to approve a...
Substantial Damage
This means uninsured or otherwise uncompensated...
Injury Period
The time period during...

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