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.
Cash-basis Accounting
records revenue when cash is...
B/E (Business EIDL) Loan
A business loan that...
Available Asset Test
Part of the CET that determines if an applicant(s) has...
Federal Acquisition Regulation (FAR)
The body of regulations which is...
Sole Proprietor
an individual who...
DBA
ex. Blocker & Sons LLC, doing business as Bob's Burgers
Protégé
A firm in a developmental stage that...
Schedule of Liabilities
A business debt schedule that lists all of the debts...
Defense Contractor
Any person who enters into...
Phase 2
Process to be used to determine economic injury for...
Small Business Development Centers (SBDC)
SBDCs offer a broad spec...
Credit Score Test
Part of the home loan CET show a...
Collateral
Assets pledged by a borrower to secure a loan...
Loan Authorization and Agreement (LA&A)
A contract between SBA and the borrower that...
Acquisition
The acquiring of supplies or...

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