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.
Coastal Barrier Resource Area (COBRA)
A flood prone area in which...
Small Business Development Centers (SBDC)
SBDCs offer a broad spec...
Small Business
A business smaller than...
Phase 1
Process used to determine the...
Request for Proposal (RFP)
A document outlining a...
Limited Partnership
A business organization with one or...
Partnering
A mutually beneficial business-to-bus...
Physical Loans
Funds to repair/replace dis...
Protégé
A firm in a developmental stage that...
Capital Leases
are for the purchase of fixed assets such as...
Contractor Team Arrangement
An arrangement in which...
Depreciation
A non-cash operating expense that...
Equity
An accounting term used to...
Accrual Basis Accounting
recognizes revenues when earned and expenses are...
Available Asset Test
Part of the CET that determines if an applicant(s) has...

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