Mentor

A business, usually large, or other organization that has created a specialized program to advance strategic relationships with small businesses.

Updated on
September 9, 2022
Published on
June 20, 2018
The 7(a) Loan Program, SBA’s most common loan program, includes assistance for each business with unique needs.
SBA 504 loans are very popular for long-term, fixed rate financing of up to $5 million for major fixed assets.
The average Microloan is about $13,000. The Microloans program provides loans up to $50,000 to small businesses.
SBA Glossary

Common SBA Terms

Everything you need to know about common terms used to discuss SBA Loans.
Small Business Innovative Research (SBIR) Contract
A type of contract designed to...
Trend Analysis
A comparative analysis of...
Defense Acquisition Regulatory Council (DARC)
A group composed of rep...
Days Receivable
A measure of the average time a...
Small Disadvantaged Business Concern
A small business concern that...
Full and Open Competition
With respect to a contract action...
Loan Authorization and Agreement (LA&A)
A contract between SBA and the borrower that...
Guarantor
The legal entity and...
Physical Loans
Funds to repair/replace dis...
Economic Injury Disaster Loan (EIDL)
a working capital loan that...
Available Asset Test
Part of the CET that determines if an applicant(s) has...
Limited Liability Entities (company/partnership)
An LLE provides business owners with...
Collateral
Assets pledged by a borrower to secure a loan...
Injury Period
The time period during...
Small Business
A business smaller than...

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