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.
Small Business
A business smaller than...
Working Capital (WC)
The amount of current assets that...
Phase 1
Process used to determine the...
Full and Open Competition
With respect to a contract action...
Request for Proposal (RFP)
A document outlining a...
Contracting Officer
A person with the authority to...
Sole Proprietor
an individual who...
Contracting
Purchasing, renting, leasing, or...
Limited Liability Entities (company/partnership)
An LLE provides business owners with...
Cash Available to Service Additional Debt (CASAD)
The cash flow determined that...
Days Payable
A measure of the average time a...
Loan Authorization and Agreement (LA&A)
A contract between SBA and the borrower that...
Guarantor
The legal entity and...
Cash-basis Accounting
records revenue when cash is...
Trend Analysis
A comparative analysis of...

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