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.
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SBA Glossary

Common SBA Terms

Everything you need to know about common terms used to discuss SBA Loans.
Hardship Waiver
Method used to approve a...
Federal Acquisition Regulation (FAR)
The body of regulations which is...
Defense Contractor
Any person who enters into...
Phase 2
Process to be used to determine economic injury for...
Substantial Damage
This means uninsured or otherwise uncompensated...
Principal
the owner(s) of the Applicant Entity that...
Coastal Barrier Resource Area (COBRA)
A flood prone area in which...
Credit Score Test
Part of the home loan CET show a...
Defense Acquisition Regulatory Council (DARC)
A group composed of rep...
Affiliates
Business concerns, organizations, or...
Depreciation
A non-cash operating expense that...
Applicant Entity
The business entity requesting...
Current Liabilities
A balance sheet item, which...
Guarantor
The legal entity and...
Cash Available to Service Additional Debt (CASAD)
The cash flow determined that...

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