Glossary
SBA Terms

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
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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.
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SBA Glossary

Common SBA Terms

Everything you need to know about common terms used to discuss SBA Loans.
Normal Gross Margin
The margin that would have been...
Defense Acquisition Regulatory Council (DARC)
A group composed of rep...
DBA
ex. Blocker & Sons LLC, doing business as Bob's Burgers
Certificate of Competency
A certificate issued by the Small Bus...
Applicant Individual
aka who is requesting an SBA loan...
Negotiation
Contracting through the use of...
Affiliate
Business concerns are affiliates if one concern...
Normal Annual Sales
Those sales that would have...
Credit Elsewhere Test (CET)
The test to determine the...
Limited Partnership
A business organization with one or...
Affiliates
Business concerns, organizations, or...
Coastal Barrier Resource Area (COBRA)
A flood prone area in which...
Adjusted Net Worth
Post disaster fair market value of tangible...
Days Receivable
A measure of the average time a...
Prime Contract
A contract awarded directly...

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