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
The 7(a) Loan Program, SBA’s most common loan program, includes assistance for each business with unique needs.
SBA 504 loans are very popular for long-term, fixed rate financing of up to $5 million for major fixed assets.
The average Microloan is about $13,000. The Microloans program provides loans up to $50,000 to small businesses.
SBA Glossary

Common SBA Terms

Everything you need to know about common terms used to discuss SBA Loans.
Fair and Reasonable Price
A price that is fair to both parties...
Certificate of Competency
A certificate issued by the Small Bus...
Electronic Data Interchange
Transmission of information bet...
Available Asset Test
Part of the CET that determines if an applicant(s) has...
Days Receivable
A measure of the average time a...
GPM%
The measure of every sales dollar left...
Small Disadvantaged Business Concern
A small business concern that...
Normal Annual Sales
Those sales that would have...
Injury Analysis
Measures the effects of...
Amortization
A non-cash operating expense that...
Intermediary Organization
Organizations that play a funda...
Income Statement
Shows the entity’s income and...
Hardship Waiver
Method used to approve a...
Subsidiary
A company for which a majority of the...
Schedule of Liabilities
A business debt schedule that lists all of the debts...

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