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.
Operating Leases
are deducted on the company’s...
Request for Proposal (RFP)
A document outlining a...
Cash Flow Test
Part of the CET that determines if...
NAICS
NAICS codes are common...
Liabilities
A financial obligation...
Applicant Individual
aka who is requesting an SBA loan...
DBA
ex. Blocker & Sons LLC, doing business as Bob's Burgers
Limited Liability Entities (company/partnership)
An LLE provides business owners with...
Applicant Entity
The business entity requesting...
Credit Score Test
Part of the home loan CET show a...
Full and Open Competition
With respect to a contract action...
Contracting Officer
A person with the authority to...
Electronic Data Interchange
Transmission of information bet...
Cash-basis Accounting
records revenue when cash is...
Extraordinary Items
Additional expenses that are...

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