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.
Partnership
A type of unincorporated business org...
Available Asset Test
Part of the CET that determines if an applicant(s) has...
Income Statement
Shows the entity’s income and...
Affiliates
Business concerns, organizations, or...
Assets
The amount of current assets that is left...
Full and Open Competition
With respect to a contract action...
Standard Industrial Classification (SIC) Code
A code representing a category within...
Guarantor
The legal entity and...
Limited Liability Entities (company/partnership)
An LLE provides business owners with...
Operating Leases
are deducted on the company’s...
Prime Contract
A contract awarded directly...
B/E (Business EIDL) Loan
A business loan that...
Contracting
Purchasing, renting, leasing, or...
Trend Analysis
A comparative analysis of...
SCORE
Counselors to America's Small Bus...

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