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...
Equity
An accounting term used to...
Defense Contractor
Any person who enters into...
Cash Flow Test
Part of the CET that determines if...
Acquisition
The acquiring of supplies or...
Phase 2
Process to be used to determine economic injury for...
Duplicated Interest
The amount of interest exp...
Principal
the owner(s) of the Applicant Entity that...
Break-even Analysis
A calculation of the approximate sales...
Request for Proposal (RFP)
A document outlining a...
Negotiation
Contracting through the use of...
Defense Acquisition Regulatory Council (DARC)
A group composed of rep...
Guarantor
The legal entity and...
Adjusted Net Worth
Post disaster fair market value of tangible...
Standard Industrial Classification (SIC) Code
A code representing a category within...

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