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.
Explore 7a loans

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.
Certificate of Competency
A certificate issued by the Small Bus...
Prime Contract
A contract awarded directly...
Affiliate
Business concerns are affiliates if one concern...
Amortization
A non-cash operating expense that...
Primary Activity
The major business activity of...
Limited Partnership
A business organization with one or...
Assets
The amount of current assets that is left...
Acquisition
The acquiring of supplies or...
Best and Final Offer
For negotiated procurements...
Request for Proposal (RFP)
A document outlining a...
SAE (Stand Alone Economic Injury Disaster Loan)
provide necessary working capital to...
NAICS
NAICS codes are common...
Capital Leases
are for the purchase of fixed assets such as...
Injury Period
The time period during...
Affiliates
Business concerns, organizations, or...

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