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.
Explore 504 loans

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.
Depreciation
A non-cash operating expense that...
Contracting
Purchasing, renting, leasing, or...
Phase 2
Process to be used to determine economic injury for...
Corporation (C-corp.)
The most common form of business org...
Small Business Development Centers (SBDC)
SBDCs offer a broad spec...
Economic Injury Disaster Loan (EIDL)
a working capital loan that...
Guarantor
The legal entity and...
Electronic Data Interchange
Transmission of information bet...
Limited Liability Entities (company/partnership)
An LLE provides business owners with...
Extraordinary Items
Additional expenses that are...
Coastal Barrier Resource Area (COBRA)
A flood prone area in which...
Principal
the owner(s) of the Applicant Entity that...
Certificate of Competency
A certificate issued by the Small Bus...
Substantial Damage
This means uninsured or otherwise uncompensated...
Contract
A mutually binding legal rel..

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