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.
Assets
The amount of current assets that is left...
S-Corporation
A form of corporation, allowed by...
Emerging Small Business
A small business concern whose...
Credit Elsewhere Test (CET)
The test to determine the...
Cash Flow Test
Part of the CET that determines if...
Intermediary Organization
Organizations that play a funda...
Schedule of Liabilities
A business debt schedule that lists all of the debts...
Fair and Reasonable Price
A price that is fair to both parties...
Best and Final Offer
For negotiated procurements...
B/E (Business EIDL) Loan
A business loan that...
Days Receivable
A measure of the average time a...
Accrual Basis Accounting
recognizes revenues when earned and expenses are...
Injury Analysis
Measures the effects of...
Extraordinary Items
Additional expenses that are...
Days Payable
A measure of the average time a...

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