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.
Collateral
Assets pledged by a borrower to secure a loan...
Fair and Reasonable Price
A price that is fair to both parties...
Mentor
A business, usually large, or...
Schedule of Liabilities
A business debt schedule that lists all of the debts...
Companion File
When an applicant has another application filed...
Defense Contractor
Any person who enters into...
Normal Gross Margin
The margin that would have been...
Subsidiary
A company for which a majority of the...
Depreciation
A non-cash operating expense that...
Liabilities
A financial obligation...
Federal Acquisition Regulation (FAR)
The body of regulations which is...
Small Business
A business smaller than...
Applicant/Co-Applicant
Business entity and person requesting...
Duplicated Interest
The amount of interest exp...
Loan Authorization and Agreement (LA&A)
A contract between SBA and the borrower that...

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