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.
Federal Acquisition Regulation (FAR)
The body of regulations which is...
Balance Sheet or Statement of Financial Position
Assets = Liabilities + Equity...
Credit Elsewhere Test (CET)
The test to determine the...
Cash-basis Accounting
records revenue when cash is...
Comparative Analysis
Is designed to point out significant trends that...
Partnering
A mutually beneficial business-to-bus...
Days Payable
A measure of the average time a...
Small Business
A business smaller than...
Economic Injury Disaster Loan (EIDL)
a working capital loan that...
Mentor
A business, usually large, or...
Joint Venture
In the SBA Mentor-Protégé Program...
Adjusted Net Worth
Post disaster fair market value of tangible...
Subcontract
A contract between a prime cont...
Limited Partnership
A business organization with one or...
Certificate of Competency
A certificate issued by the Small Bus...

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