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.
Fair and Reasonable Price
A price that is fair to both parties...
Depreciation
A non-cash operating expense that...
Applicant Entity
The business entity requesting...
Accrual Basis Accounting
recognizes revenues when earned and expenses are...
Certificate of Competency
A certificate issued by the Small Bus...
Business Activity
The business (or loss) activity of...
Comparative Analysis
Is designed to point out significant trends that...
Protégé
A firm in a developmental stage that...
Injury Analysis
Measures the effects of...
Assets
The amount of current assets that is left...
Normal Gross Margin
The margin that would have been...
Affiliated Group
When two or more...
Partnering
A mutually beneficial business-to-bus...
Full and Open Competition
With respect to a contract action...
Current Assets
A balance sheet item which equals...

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