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.
Explore 7a loans

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.
Explore microloans
SBA Glossary

Common SBA Terms

Everything you need to know about common terms used to discuss SBA Loans.
B/E (Business EIDL) Loan
A business loan that...
Contractor Team Arrangement
An arrangement in which...
Liabilities
A financial obligation...
Assets
The amount of current assets that is left...
Limited Liability Entities (company/partnership)
An LLE provides business owners with...
GPM%
The measure of every sales dollar left...
Applicant Entity
The business entity requesting...
Operating Leases
are deducted on the company’s...
Days Payable
A measure of the average time a...
Credit Elsewhere Test (CET)
The test to determine the...
Best and Final Offer
For negotiated procurements...
Loan Authorization and Agreement (LA&A)
A contract between SBA and the borrower that...
Equity
An accounting term used to...
Applicant/Co-Applicant
Business entity and person requesting...
Collateral
Assets pledged by a borrower to secure a loan...

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