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.
DBA
ex. Blocker & Sons LLC, doing business as Bob's Burgers
Small Business
A business smaller than...
Affiliated Group
When two or more...
Limited Liability Entities (company/partnership)
An LLE provides business owners with...
Small Business Development Centers (SBDC)
SBDCs offer a broad spec...
Credit Elsewhere Test (CET)
The test to determine the...
Phase 1
Process used to determine the...
Extraordinary Items
Additional expenses that are...
Primary Activity
The major business activity of...
P&L (Profit and Loss Statement)
also considered as Income Statement or...
Applicant/Co-Applicant
Business entity and person requesting...
Applicant Individual
aka who is requesting an SBA loan...
Fair and Reasonable Price
A price that is fair to both parties...
Acquisition
The acquiring of supplies or...
Request for Proposal (RFP)
A document outlining a...

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