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.
Explore 7a loans

SBA 504 Loans

SBA 504 loans are very popular for long-term, fixed rate financing of up to $5 million for major fixed assets.
Explore 504 loans

SBA Microloans

The average Microloan is about $13,000. The Microloans program provides loans up to $50,000 to small businesses.
Explore microloans
SBA Glossary

Common SBA Terms

Everything you need to know about common terms used to discuss SBA Loans.
Limited Liability Entities (company/partnership)
An LLE provides business owners with...
Projection
An estimate of future economic or...
Contract
A mutually binding legal rel..
Cash Available to Service Additional Debt (CASAD)
The cash flow determined that...
Hardship Waiver
Method used to approve a...
Current Assets
A balance sheet item which equals...
Small Business Innovative Research (SBIR) Contract
A type of contract designed to...
Partnership
A type of unincorporated business org...
SCORE
Counselors to America's Small Bus...
P&L (Profit and Loss Statement)
also considered as Income Statement or...
Primary Activity
The major business activity of...
Defense Contractor
Any person who enters into...
Federal Acquisition Regulation (FAR)
The body of regulations which is...
Phase 1
Process used to determine the...
Applicant Individual
aka who is requesting an SBA loan...

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