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.
Explore microloans
SBA Glossary

Common SBA Terms

Everything you need to know about common terms used to discuss SBA Loans.
Partnering
A mutually beneficial business-to-bus...
Prime Contract
A contract awarded directly...
Small Business Development Centers (SBDC)
SBDCs offer a broad spec...
Operating Leases
are deducted on the company’s...
Amortization
A non-cash operating expense that...
Normal Annual Sales
Those sales that would have...
Trend Analysis
A comparative analysis of...
SCORE
Counselors to America's Small Bus...
Loan Authorization and Agreement (LA&A)
A contract between SBA and the borrower that...
Phase 1
Process used to determine the...
Guarantor
The legal entity and...
Principal
the owner(s) of the Applicant Entity that...
Income Statement
Shows the entity’s income and...
Credit Score Test
Part of the home loan CET show a...
Equity
An accounting term used to...

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