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.
Companion File
When an applicant has another application filed...
Request for Proposal (RFP)
A document outlining a...
Best and Final Offer
For negotiated procurements...
Current Assets
A balance sheet item which equals...
Cash Flow Test
Part of the CET that determines if...
Subsidiary
A company for which a majority of the...
Corporation (C-corp.)
The most common form of business org...
Cash Available to Service Additional Debt (CASAD)
The cash flow determined that...
Mentor
A business, usually large, or...
Principal
the owner(s) of the Applicant Entity that...
Break-even Analysis
A calculation of the approximate sales...
SCORE
Counselors to America's Small Bus...
Defense Contractor
Any person who enters into...
Accrual Basis Accounting
recognizes revenues when earned and expenses are...
Available Asset Test
Part of the CET that determines if an applicant(s) has...

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