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.
Best and Final Offer
For negotiated procurements...
Cash-basis Accounting
records revenue when cash is...
Request for Proposal (RFP)
A document outlining a...
Business Activity
The business (or loss) activity of...
Duplicated Interest
The amount of interest exp...
Normal Gross Margin
The margin that would have been...
Small Business
A business smaller than...
Accrual Basis Accounting
recognizes revenues when earned and expenses are...
Extraordinary Items
Additional expenses that are...
DBA
ex. Blocker & Sons LLC, doing business as Bob's Burgers
Electronic Data Interchange
Transmission of information bet...
Injury Analysis
Measures the effects of...
Limited Liability Entities (company/partnership)
An LLE provides business owners with...
Primary Activity
The major business activity of...
SAE (Stand Alone Economic Injury Disaster Loan)
provide necessary working capital to...

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