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.
Explore microloans
SBA Glossary

Common SBA Terms

Everything you need to know about common terms used to discuss SBA Loans.
Depreciation
A non-cash operating expense that...
Credit Score Test
Part of the home loan CET show a...
Small Business
A business smaller than...
Current Assets
A balance sheet item which equals...
P&L (Profit and Loss Statement)
also considered as Income Statement or...
Mentor
A business, usually large, or...
Primary Activity
The major business activity of...
Balance Sheet or Statement of Financial Position
Assets = Liabilities + Equity...
Electronic Data Interchange
Transmission of information bet...
Contracting
Purchasing, renting, leasing, or...
DBA
ex. Blocker & Sons LLC, doing business as Bob's Burgers
Injury Period
The time period during...
Liabilities
A financial obligation...
Amortization
A non-cash operating expense that...
Partnership
A type of unincorporated business org...

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