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.
Explore 504 loans

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.
Substantial Damage
This means uninsured or otherwise uncompensated...
Capital Leases
are for the purchase of fixed assets such as...
Small Business Development Centers (SBDC)
SBDCs offer a broad spec...
SAE (Stand Alone Economic Injury Disaster Loan)
provide necessary working capital to...
Current Assets
A balance sheet item which equals...
Days Receivable
A measure of the average time a...
Full and Open Competition
With respect to a contract action...
Contractor Team Arrangement
An arrangement in which...
Phase 2
Process to be used to determine economic injury for...
Credit Score Test
Part of the home loan CET show a...
Corporation (C-corp.)
The most common form of business org...
Subsidiary
A company for which a majority of the...
SCORE
Counselors to America's Small Bus...
Equity
An accounting term used to...
Certified 8(a) Firm
A firm owned and operated by socially and...

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