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.
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.
Contractor Team Arrangement
An arrangement in which...
Phase 1
Process used to determine the...
NAICS
NAICS codes are common...
Intermediary Organization
Organizations that play a funda...
Income Statement
Shows the entity’s income and...
Certificate of Competency
A certificate issued by the Small Bus...
Negotiation
Contracting through the use of...
Acquisition
The acquiring of supplies or...
Cash-basis Accounting
records revenue when cash is...
S-Corporation
A form of corporation, allowed by...
Limited Liability Entities (company/partnership)
An LLE provides business owners with...
Days Receivable
A measure of the average time a...
Balance Sheet or Statement of Financial Position
Assets = Liabilities + Equity...
Defense Contractor
Any person who enters into...
Primary Activity
The major business activity of...

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