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.
SCORE
Counselors to America's Small Bus...
Defense Acquisition Regulatory Council (DARC)
A group composed of rep...
Assets
The amount of current assets that is left...
Guarantor
The legal entity and...
Days Receivable
A measure of the average time a...
Certified 8(a) Firm
A firm owned and operated by socially and...
Sole Proprietor
an individual who...
Mentor
A business, usually large, or...
Principal
the owner(s) of the Applicant Entity that...
Injury Period
The time period during...
Current Assets
A balance sheet item which equals...
Equity
An accounting term used to...
Comparative Analysis
Is designed to point out significant trends that...
Prime Contract
A contract awarded directly...
Primary Activity
The major business activity of...

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