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.
Explore microloans
SBA Glossary

Common SBA Terms

Everything you need to know about common terms used to discuss SBA Loans.
Days Receivable
A measure of the average time a...
Best and Final Offer
For negotiated procurements...
Companion File
When an applicant has another application filed...
Capital Leases
are for the purchase of fixed assets such as...
Phase 1
Process used to determine the...
Extraordinary Items
Additional expenses that are...
Electronic Data Interchange
Transmission of information bet...
Applicant Entity
The business entity requesting...
Partnering
A mutually beneficial business-to-bus...
Intermediary Organization
Organizations that play a funda...
Small Disadvantaged Business Concern
A small business concern that...
Protégé
A firm in a developmental stage that...
Current Assets
A balance sheet item which equals...
Amortization
A non-cash operating expense that...
Certificate of Competency
A certificate issued by the Small Bus...

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