Glossary
SBA Terms

Mentor

A business, usually large, or other organization that has created a specialized program to advance strategic relationships with small businesses.

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.
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SBA Glossary

Common SBA Terms

Everything you need to know about common terms used to discuss SBA Loans.
Business Activity
The business (or loss) activity of...
Full and Open Competition
With respect to a contract action...
Affiliates
Business concerns, organizations, or...
Prime Contract
A contract awarded directly...
Partnering
A mutually beneficial business-to-bus...
Income Statement
Shows the entity’s income and...
Break-even Analysis
A calculation of the approximate sales...
Limited Liability Entities (company/partnership)
An LLE provides business owners with...
Companion File
When an applicant has another application filed...
Subcontract
A contract between a prime cont...
SCORE
Counselors to America's Small Bus...
Schedule of Liabilities
A business debt schedule that lists all of the debts...
NAICS
NAICS codes are common...
Phase 2
Process to be used to determine economic injury for...
Principal
the owner(s) of the Applicant Entity that...

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