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
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.
Comparative Analysis
Is designed to point out significant trends that...
Days Payable
A measure of the average time a...
Physical Loans
Funds to repair/replace dis...
Certificate of Competency
A certificate issued by the Small Bus...
DBA
ex. Blocker & Sons LLC, doing business as Bob's Burgers
Duplicated Interest
The amount of interest exp...
Normal Annual Sales
Those sales that would have...
Amortization
A non-cash operating expense that...
Applicant/Co-Applicant
Business entity and person requesting...
SCORE
Counselors to America's Small Bus...
Limited Partnership
A business organization with one or...
Applicant Individual
aka who is requesting an SBA loan...
Contracting
Purchasing, renting, leasing, or...
Days Receivable
A measure of the average time a...
Phase 1
Process used to determine the...

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