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.
Limited Liability Entities (company/partnership)
An LLE provides business owners with...
Prime Contract
A contract awarded directly...
Assets
The amount of current assets that is left...
Cash-basis Accounting
records revenue when cash is...
Days Receivable
A measure of the average time a...
Small Business Development Centers (SBDC)
SBDCs offer a broad spec...
Defense Acquisition Regulatory Council (DARC)
A group composed of rep...
Emerging Small Business
A small business concern whose...
Request for Proposal (RFP)
A document outlining a...
Cash Available to Service Additional Debt (CASAD)
The cash flow determined that...
Credit Elsewhere Test (CET)
The test to determine the...
Federal Acquisition Regulation (FAR)
The body of regulations which is...
Physical Loans
Funds to repair/replace dis...
Defense Contractor
Any person who enters into...
Guarantor
The legal entity and...

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