Glossary
SBA Terms

SCORE

Counselors to America's Small Business is a 12,400-member volunteer association sponsored by the SBA. SCORE matches volunteer business-management counselors with present prospective small business owners in need of expert advice.

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.
Physical Loans
Funds to repair/replace dis...
Days Payable
A measure of the average time a...
GPM%
The measure of every sales dollar left...
Schedule of Liabilities
A business debt schedule that lists all of the debts...
Phase 2
Process to be used to determine economic injury for...
Acquisition
The acquiring of supplies or...
Break-even Analysis
A calculation of the approximate sales...
Certificate of Competency
A certificate issued by the Small Bus...
Emerging Small Business
A small business concern whose...
Companion File
When an applicant has another application filed...
Equity
An accounting term used to...
Corporation (C-corp.)
The most common form of business org...
Available Asset Test
Part of the CET that determines if an applicant(s) has...
Cash Flow Test
Part of the CET that determines if...
Limited Liability Entities (company/partnership)
An LLE provides business owners with...

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