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.
Normal Annual Sales
Those sales that would have...
Coastal Barrier Resource Area (COBRA)
A flood prone area in which...
Mentor
A business, usually large, or...
Phase 2
Process to be used to determine economic injury for...
Phase 1
Process used to determine the...
Capital Leases
are for the purchase of fixed assets such as...
Contracting Officer
A person with the authority to...
B/E (Business EIDL) Loan
A business loan that...
Injury Analysis
Measures the effects of...
Electronic Data Interchange
Transmission of information bet...
Corporation (C-corp.)
The most common form of business org...
Request for Proposal (RFP)
A document outlining a...
Affiliate
Business concerns are affiliates if one concern...
Days Payable
A measure of the average time a...
Sole Proprietor
an individual who...

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