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.
Primary Activity
The major business activity of...
Limited Partnership
A business organization with one or...
Subcontract
A contract between a prime cont...
Assets
The amount of current assets that is left...
Amortization
A non-cash operating expense that...
Economic Injury Disaster Loan (EIDL)
a working capital loan that...
Certificate of Competency
A certificate issued by the Small Bus...
Prime Contract
A contract awarded directly...
Normal Gross Margin
The margin that would have been...
Current Liabilities
A balance sheet item, which...
Accrual Basis Accounting
recognizes revenues when earned and expenses are...
Principal
the owner(s) of the Applicant Entity that...
S-Corporation
A form of corporation, allowed by...
Defense Contractor
Any person who enters into...
Certified 8(a) Firm
A firm owned and operated by socially and...

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