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.
Break-even Analysis
A calculation of the approximate sales...
Cash-basis Accounting
records revenue when cash is...
Federal Acquisition Regulation (FAR)
The body of regulations which is...
Mentor
A business, usually large, or...
Loan Authorization and Agreement (LA&A)
A contract between SBA and the borrower that...
Joint Venture
In the SBA Mentor-Protégé Program...
Assets
The amount of current assets that is left...
Fair and Reasonable Price
A price that is fair to both parties...
Request for Proposal (RFP)
A document outlining a...
Best and Final Offer
For negotiated procurements...
Working Capital (WC)
The amount of current assets that...
Duplicated Interest
The amount of interest exp...
Substantial Damage
This means uninsured or otherwise uncompensated...
Affiliated Group
When two or more...
Available Asset Test
Part of the CET that determines if an applicant(s) has...

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