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.
Explore microloans
SBA Glossary

Common SBA Terms

Everything you need to know about common terms used to discuss SBA Loans.
Limited Liability Entities (company/partnership)
An LLE provides business owners with...
Certified 8(a) Firm
A firm owned and operated by socially and...
Normal Annual Sales
Those sales that would have...
Corporation (C-corp.)
The most common form of business org...
Substantial Damage
This means uninsured or otherwise uncompensated...
Small Business Development Centers (SBDC)
SBDCs offer a broad spec...
Electronic Data Interchange
Transmission of information bet...
Hardship Waiver
Method used to approve a...
Applicant Entity
The business entity requesting...
Contractor Team Arrangement
An arrangement in which...
Small Disadvantaged Business Concern
A small business concern that...
Contracting Officer
A person with the authority to...
Liabilities
A financial obligation...
NAICS
NAICS codes are common...
Depreciation
A non-cash operating expense that...

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