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.
Explore 504 loans

SBA Microloans

The average Microloan is about $13,000. The Microloans program provides loans up to $50,000 to small businesses.
Explore microloans
SBA Glossary

Common SBA Terms

Everything you need to know about common terms used to discuss SBA Loans.
Companion File
When an applicant has another application filed...
Accrual Basis Accounting
recognizes revenues when earned and expenses are...
Schedule of Liabilities
A business debt schedule that lists all of the debts...
GPM%
The measure of every sales dollar left...
Hardship Waiver
Method used to approve a...
Projection
An estimate of future economic or...
Business Activity
The business (or loss) activity of...
Applicant Individual
aka who is requesting an SBA loan...
Collateral
Assets pledged by a borrower to secure a loan...
Limited Partnership
A business organization with one or...
Applicant Entity
The business entity requesting...
Assets
The amount of current assets that is left...
Current Liabilities
A balance sheet item, which...
SCORE
Counselors to America's Small Bus...
Contracting
Purchasing, renting, leasing, or...

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