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.
Phase 2
Process to be used to determine economic injury for...
Accrual Basis Accounting
recognizes revenues when earned and expenses are...
Applicant Entity
The business entity requesting...
Loan Authorization and Agreement (LA&A)
A contract between SBA and the borrower that...
Limited Liability Entities (company/partnership)
An LLE provides business owners with...
Defense Acquisition Regulatory Council (DARC)
A group composed of rep...
Protégé
A firm in a developmental stage that...
Best and Final Offer
For negotiated procurements...
Credit Elsewhere Test (CET)
The test to determine the...
P&L (Profit and Loss Statement)
also considered as Income Statement or...
Request for Proposal (RFP)
A document outlining a...
Joint Venture
In the SBA Mentor-Protégé Program...
Phase 1
Process used to determine the...
Normal Gross Margin
The margin that would have been...
Assets
The amount of current assets that is left...

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