Glossary
SBA Terms

S-Corporation

A form of corporation, allowed by the IRS for most companies with 35 or fewer shareholders, which enables the company to enjoy the benefits of incorporation but be taxed as if it were a partnership.

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.
Guarantor
The legal entity and...
Partnership
A type of unincorporated business org...
Current Assets
A balance sheet item which equals...
Intermediary Organization
Organizations that play a funda...
Contractor Team Arrangement
An arrangement in which...
Subcontract
A contract between a prime cont...
Credit Score Test
Part of the home loan CET show a...
Contract
A mutually binding legal rel..
Coastal Barrier Resource Area (COBRA)
A flood prone area in which...
Credit Elsewhere Test (CET)
The test to determine the...
Mentor
A business, usually large, or...
Corporation (C-corp.)
The most common form of business org...
SCORE
Counselors to America's Small Bus...
Joint Venture
In the SBA Mentor-Protégé Program...
Assets
The amount of current assets that is left...

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