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.
Defense Acquisition Regulatory Council (DARC)
A group composed of rep...
Available Asset Test
Part of the CET that determines if an applicant(s) has...
Emerging Small Business
A small business concern whose...
Subsidiary
A company for which a majority of the...
Applicant Entity
The business entity requesting...
Capital Leases
are for the purchase of fixed assets such as...
Extraordinary Items
Additional expenses that are...
Best and Final Offer
For negotiated procurements...
Phase 1
Process used to determine the...
Economic Injury Disaster Loan (EIDL)
a working capital loan that...
Coastal Barrier Resource Area (COBRA)
A flood prone area in which...
Cash-basis Accounting
records revenue when cash is...
Companion File
When an applicant has another application filed...
Lien
A legal claim against an...
Substantial Damage
This means uninsured or otherwise uncompensated...

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