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.
Equity
An accounting term used to...
Projection
An estimate of future economic or...
Protégé
A firm in a developmental stage that...
Break-even Analysis
A calculation of the approximate sales...
Normal Gross Margin
The margin that would have been...
Credit Elsewhere Test (CET)
The test to determine the...
DBA
ex. Blocker & Sons LLC, doing business as Bob's Burgers
Partnering
A mutually beneficial business-to-bus...
Balance Sheet or Statement of Financial Position
Assets = Liabilities + Equity...
Liabilities
A financial obligation...
Standard Industrial Classification (SIC) Code
A code representing a category within...
Contractor Team Arrangement
An arrangement in which...
Defense Contractor
Any person who enters into...
Guarantor
The legal entity and...
Small Business Development Centers (SBDC)
SBDCs offer a broad spec...

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