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.
Balance Sheet or Statement of Financial Position
Assets = Liabilities + Equity...
Fair and Reasonable Price
A price that is fair to both parties...
NAICS
NAICS codes are common...
Cash-basis Accounting
records revenue when cash is...
Subsidiary
A company for which a majority of the...
Request for Proposal (RFP)
A document outlining a...
Acquisition
The acquiring of supplies or...
Current Assets
A balance sheet item which equals...
Subcontract
A contract between a prime cont...
Best and Final Offer
For negotiated procurements...
Applicant Individual
aka who is requesting an SBA loan...
Business Activity
The business (or loss) activity of...
Small Business Development Centers (SBDC)
SBDCs offer a broad spec...
Liabilities
A financial obligation...
Intermediary Organization
Organizations that play a funda...

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