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.
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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.
Applicant Entity
The business entity requesting...
Applicant/Co-Applicant
Business entity and person requesting...
Contracting Officer
A person with the authority to...
Injury Period
The time period during...
Cash Flow Test
Part of the CET that determines if...
Partnership
A type of unincorporated business org...
Request for Proposal (RFP)
A document outlining a...
Joint Venture
In the SBA Mentor-Protégé Program...
Affiliates
Business concerns, organizations, or...
Mentor
A business, usually large, or...
Collateral
Assets pledged by a borrower to secure a loan...
Working Capital (WC)
The amount of current assets that...
Amortization
A non-cash operating expense that...
Liabilities
A financial obligation...
Substantial Damage
This means uninsured or otherwise uncompensated...

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