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.
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SBA Glossary

Common SBA Terms

Everything you need to know about common terms used to discuss SBA Loans.
Full and Open Competition
With respect to a contract action...
S-Corporation
A form of corporation, allowed by...
Acquisition
The acquiring of supplies or...
Certificate of Competency
A certificate issued by the Small Bus...
Cash Flow Test
Part of the CET that determines if...
Income Statement
Shows the entity’s income and...
Fair and Reasonable Price
A price that is fair to both parties...
Applicant Entity
The business entity requesting...
Current Liabilities
A balance sheet item, which...
Sole Proprietor
an individual who...
Certified 8(a) Firm
A firm owned and operated by socially and...
DBA
ex. Blocker & Sons LLC, doing business as Bob's Burgers
GPM%
The measure of every sales dollar left...
Phase 2
Process to be used to determine economic injury for...
Corporation (C-corp.)
The most common form of business org...

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