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.
Lien
A legal claim against an...
Negotiation
Contracting through the use of...
Working Capital (WC)
The amount of current assets that...
Applicant/Co-Applicant
Business entity and person requesting...
B/E (Business EIDL) Loan
A business loan that...
Principal
the owner(s) of the Applicant Entity that...
SAE (Stand Alone Economic Injury Disaster Loan)
provide necessary working capital to...
Hardship Waiver
Method used to approve a...
P&L (Profit and Loss Statement)
also considered as Income Statement or...
Operating Leases
are deducted on the company’s...
Accrual Basis Accounting
recognizes revenues when earned and expenses are...
Phase 1
Process used to determine the...
Best and Final Offer
For negotiated procurements...
Small Business Innovative Research (SBIR) Contract
A type of contract designed to...
Comparative Analysis
Is designed to point out significant trends that...

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