Glossary
SBA Terms

Joint Venture

In the SBA Mentor-Protégé Program, an agreement between a certified 8(a) firm and a mentor firm to perform a specific federal contract.

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.
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.
Guarantor
The legal entity and...
Affiliate
Business concerns are affiliates if one concern...
Accrual Basis Accounting
recognizes revenues when earned and expenses are...
Principal
the owner(s) of the Applicant Entity that...
Normal Gross Margin
The margin that would have been...
Equity
An accounting term used to...
Collateral
Assets pledged by a borrower to secure a loan...
Phase 1
Process used to determine the...
Sole Proprietor
an individual who...
Fair and Reasonable Price
A price that is fair to both parties...
Lien
A legal claim against an...
Operating Leases
are deducted on the company’s...
Companion File
When an applicant has another application filed...
Amortization
A non-cash operating expense that...
Limited Partnership
A business organization with one or...

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