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.
Certified 8(a) Firm
A firm owned and operated by socially and...
Guarantor
The legal entity and...
Protégé
A firm in a developmental stage that...
Hardship Waiver
Method used to approve a...
Coastal Barrier Resource Area (COBRA)
A flood prone area in which...
Intermediary Organization
Organizations that play a funda...
Subsidiary
A company for which a majority of the...
Applicant Entity
The business entity requesting...
Current Liabilities
A balance sheet item, which...
Assets
The amount of current assets that is left...
Partnership
A type of unincorporated business org...
P&L (Profit and Loss Statement)
also considered as Income Statement or...
Available Asset Test
Part of the CET that determines if an applicant(s) has...
Depreciation
A non-cash operating expense that...
Principal
the owner(s) of the Applicant Entity that...

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