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.
Capital Leases
are for the purchase of fixed assets such as...
Companion File
When an applicant has another application filed...
Subsidiary
A company for which a majority of the...
Subcontract
A contract between a prime cont...
Days Receivable
A measure of the average time a...
Small Disadvantaged Business Concern
A small business concern that...
Primary Activity
The major business activity of...
Amortization
A non-cash operating expense that...
Small Business Innovative Research (SBIR) Contract
A type of contract designed to...
Electronic Data Interchange
Transmission of information bet...
Balance Sheet or Statement of Financial Position
Assets = Liabilities + Equity...
Available Asset Test
Part of the CET that determines if an applicant(s) has...
Assets
The amount of current assets that is left...
Defense Acquisition Regulatory Council (DARC)
A group composed of rep...
Economic Injury Disaster Loan (EIDL)
a working capital loan that...

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