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.
Contract
A mutually binding legal rel..
Working Capital (WC)
The amount of current assets that...
Business Activity
The business (or loss) activity of...
Current Assets
A balance sheet item which equals...
Partnership
A type of unincorporated business org...
SCORE
Counselors to America's Small Bus...
Subsidiary
A company for which a majority of the...
Contracting Officer
A person with the authority to...
Corporation (C-corp.)
The most common form of business org...
Defense Contractor
Any person who enters into...
Loan Authorization and Agreement (LA&A)
A contract between SBA and the borrower that...
Lien
A legal claim against an...
Projection
An estimate of future economic or...
Liabilities
A financial obligation...
Companion File
When an applicant has another application filed...

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