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.
Duplicated Interest
The amount of interest exp...
Amortization
A non-cash operating expense that...
Applicant/Co-Applicant
Business entity and person requesting...
Certificate of Competency
A certificate issued by the Small Bus...
Break-even Analysis
A calculation of the approximate sales...
Subcontract
A contract between a prime cont...
Phase 2
Process to be used to determine economic injury for...
Assets
The amount of current assets that is left...
Subsidiary
A company for which a majority of the...
Best and Final Offer
For negotiated procurements...
Contractor Team Arrangement
An arrangement in which...
Affiliate
Business concerns are affiliates if one concern...
Economic Injury Disaster Loan (EIDL)
a working capital loan that...
Income Statement
Shows the entity’s income and...
Companion File
When an applicant has another application filed...

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