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.
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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.
Hardship Waiver
Method used to approve a...
Days Payable
A measure of the average time a...
Subsidiary
A company for which a majority of the...
Small Business Innovative Research (SBIR) Contract
A type of contract designed to...
Credit Score Test
Part of the home loan CET show a...
Fair and Reasonable Price
A price that is fair to both parties...
Available Asset Test
Part of the CET that determines if an applicant(s) has...
Liabilities
A financial obligation...
Emerging Small Business
A small business concern whose...
Normal Gross Margin
The margin that would have been...
Principal
the owner(s) of the Applicant Entity that...
Loan Authorization and Agreement (LA&A)
A contract between SBA and the borrower that...
Equity
An accounting term used to...
Negotiation
Contracting through the use of...
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