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
The 7(a) Loan Program, SBA’s most common loan program, includes assistance for each business with unique needs.
SBA 504 loans are very popular for long-term, fixed rate financing of up to $5 million for major fixed assets.
The average Microloan is about $13,000. The Microloans program provides loans up to $50,000 to small businesses.
SBA Glossary

Common SBA Terms

Everything you need to know about common terms used to discuss SBA Loans.
Normal Annual Sales
Those sales that would have...
NAICS
NAICS codes are common...
Capital Leases
are for the purchase of fixed assets such as...
Full and Open Competition
With respect to a contract action...
Applicant Individual
aka who is requesting an SBA loan...
Business Activity
The business (or loss) activity of...
Injury Analysis
Measures the effects of...
Collateral
Assets pledged by a borrower to secure a loan...
Equity
An accounting term used to...
Defense Contractor
Any person who enters into...
Substantial Damage
This means uninsured or otherwise uncompensated...
Acquisition
The acquiring of supplies or...
Request for Proposal (RFP)
A document outlining a...
Comparative Analysis
Is designed to point out significant trends that...
Duplicated Interest
The amount of interest exp...

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