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.
Extraordinary Items
Additional expenses that are...
Available Asset Test
Part of the CET that determines if an applicant(s) has...
Limited Partnership
A business organization with one or...
Principal
the owner(s) of the Applicant Entity that...
Economic Injury Disaster Loan (EIDL)
a working capital loan that...
Small Business
A business smaller than...
Standard Industrial Classification (SIC) Code
A code representing a category within...
Subcontract
A contract between a prime cont...
Mentor
A business, usually large, or...
Partnering
A mutually beneficial business-to-bus...
Hardship Waiver
Method used to approve a...
Electronic Data Interchange
Transmission of information bet...
Intermediary Organization
Organizations that play a funda...
Business Activity
The business (or loss) activity of...
Depreciation
A non-cash operating expense that...

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