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.
Extraordinary Items
Additional expenses that are...
Projection
An estimate of future economic or...
Accrual Basis Accounting
recognizes revenues when earned and expenses are...
Physical Loans
Funds to repair/replace dis...
B/E (Business EIDL) Loan
A business loan that...
Injury Period
The time period during...
Phase 1
Process used to determine the...
Principal
the owner(s) of the Applicant Entity that...
NAICS
NAICS codes are common...
Depreciation
A non-cash operating expense that...
Cash Flow Test
Part of the CET that determines if...
Lien
A legal claim against an...
Capital Leases
are for the purchase of fixed assets such as...
Mentor
A business, usually large, or...
Contractor Team Arrangement
An arrangement in which...

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