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.
Assets
The amount of current assets that is left...
Fair and Reasonable Price
A price that is fair to both parties...
Primary Activity
The major business activity of...
Negotiation
Contracting through the use of...
Break-even Analysis
A calculation of the approximate sales...
Principal
the owner(s) of the Applicant Entity that...
Contract
A mutually binding legal rel..
Operating Leases
are deducted on the company’s...
Business Activity
The business (or loss) activity of...
Normal Gross Margin
The margin that would have been...
S-Corporation
A form of corporation, allowed by...
Small Business Development Centers (SBDC)
SBDCs offer a broad spec...
SCORE
Counselors to America's Small Bus...
Physical Loans
Funds to repair/replace dis...
Current Liabilities
A balance sheet item, which...

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