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.
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.
Loan Authorization and Agreement (LA&A)
A contract between SBA and the borrower that...
Defense Acquisition Regulatory Council (DARC)
A group composed of rep...
Hardship Waiver
Method used to approve a...
Adjusted Net Worth
Post disaster fair market value of tangible...
Substantial Damage
This means uninsured or otherwise uncompensated...
Amortization
A non-cash operating expense that...
Balance Sheet or Statement of Financial Position
Assets = Liabilities + Equity...
Current Assets
A balance sheet item which equals...
Cash-basis Accounting
records revenue when cash is...
Phase 1
Process used to determine the...
Coastal Barrier Resource Area (COBRA)
A flood prone area in which...
SCORE
Counselors to America's Small Bus...
Operating Leases
are deducted on the company’s...
Limited Partnership
A business organization with one or...
Physical Loans
Funds to repair/replace dis...

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