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.
Capital Leases
are for the purchase of fixed assets such as...
Break-even Analysis
A calculation of the approximate sales...
Comparative Analysis
Is designed to point out significant trends that...
Affiliates
Business concerns, organizations, or...
Affiliate
Business concerns are affiliates if one concern...
Lien
A legal claim against an...
Credit Elsewhere Test (CET)
The test to determine the...
Subcontract
A contract between a prime cont...
Principal
the owner(s) of the Applicant Entity that...
Certificate of Competency
A certificate issued by the Small Bus...
Standard Industrial Classification (SIC) Code
A code representing a category within...
Acquisition
The acquiring of supplies or...
Electronic Data Interchange
Transmission of information bet...
Collateral
Assets pledged by a borrower to secure a loan...
Primary Activity
The major business activity of...

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