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.
Explore 7a loans

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.
Coastal Barrier Resource Area (COBRA)
A flood prone area in which...
Fair and Reasonable Price
A price that is fair to both parties...
Capital Leases
are for the purchase of fixed assets such as...
Operating Leases
are deducted on the company’s...
Prime Contract
A contract awarded directly...
Small Business
A business smaller than...
Full and Open Competition
With respect to a contract action...
Trend Analysis
A comparative analysis of...
Current Assets
A balance sheet item which equals...
Hardship Waiver
Method used to approve a...
Physical Loans
Funds to repair/replace dis...
Phase 1
Process used to determine the...
Small Disadvantaged Business Concern
A small business concern that...
Schedule of Liabilities
A business debt schedule that lists all of the debts...
Days Receivable
A measure of the average time a...

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