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.
Small Disadvantaged Business Concern
A small business concern that...
Comparative Analysis
Is designed to point out significant trends that...
Applicant Entity
The business entity requesting...
Defense Contractor
Any person who enters into...
Phase 2
Process to be used to determine economic injury for...
Projection
An estimate of future economic or...
Coastal Barrier Resource Area (COBRA)
A flood prone area in which...
Available Asset Test
Part of the CET that determines if an applicant(s) has...
Contract
A mutually binding legal rel..
Loan Authorization and Agreement (LA&A)
A contract between SBA and the borrower that...
Guarantor
The legal entity and...
Liabilities
A financial obligation...
Subsidiary
A company for which a majority of the...
Prime Contract
A contract awarded directly...
Affiliates
Business concerns, organizations, or...

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