Glossary
SBA Terms

SCORE

Counselors to America's Small Business is a 12,400-member volunteer association sponsored by the SBA. SCORE matches volunteer business-management counselors with present prospective small business owners in need of expert advice.

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.
Current Assets
A balance sheet item which equals...
Contract
A mutually binding legal rel..
Phase 2
Process to be used to determine economic injury for...
Depreciation
A non-cash operating expense that...
Income Statement
Shows the entity’s income and...
Applicant Entity
The business entity requesting...
Certified 8(a) Firm
A firm owned and operated by socially and...
Small Business Development Centers (SBDC)
SBDCs offer a broad spec...
GPM%
The measure of every sales dollar left...
DBA
ex. Blocker & Sons LLC, doing business as Bob's Burgers
Subcontract
A contract between a prime cont...
SCORE
Counselors to America's Small Bus...
Primary Activity
The major business activity of...
Joint Venture
In the SBA Mentor-Protégé Program...
Request for Proposal (RFP)
A document outlining a...

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