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
The 7(a) Loan Program, SBA’s most common loan program, includes assistance for each business with unique needs.
SBA 504 loans are very popular for long-term, fixed rate financing of up to $5 million for major fixed assets.
The average Microloan is about $13,000. The Microloans program provides loans up to $50,000 to small businesses.
SBA Glossary

Common SBA Terms

Everything you need to know about common terms used to discuss SBA Loans.
Protégé
A firm in a developmental stage that...
Mentor
A business, usually large, or...
Primary Activity
The major business activity of...
Adjusted Net Worth
Post disaster fair market value of tangible...
Corporation (C-corp.)
The most common form of business org...
Best and Final Offer
For negotiated procurements...
SAE (Stand Alone Economic Injury Disaster Loan)
provide necessary working capital to...
Physical Loans
Funds to repair/replace dis...
Assets
The amount of current assets that is left...
Accrual Basis Accounting
recognizes revenues when earned and expenses are...
Applicant Individual
aka who is requesting an SBA loan...
GPM%
The measure of every sales dollar left...
Negotiation
Contracting through the use of...
Income Statement
Shows the entity’s income and...
Current Liabilities
A balance sheet item, which...

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